Cellufuel says they will be fully operational by February of 2014 in the former Bowater Mersey site.
© Nick Moase photo
Cellufuel president Chris Hooper explains what his company will be doing at the former Bowater paper mill site. The company is creating a biofuel plant, which would employ 5 to 10 people on site.
On Aug. 30 the province said they would support the company with a $1.5 million, 10-year repayable loan to help with the capital costs associated with purchasing and establishing a wood fibre biomass-to-diesel pilot plant in Liverpool at the mill site. This pilot plant will create up to seven new jobs.
This funding is on top of $500,000 the province invested in the company in December 2012.
The former Bowater Mersey site, now called the Innovacorp Demonstration Centre aims to offers companies a research, development and demonstration site, and will help the province's forestry industry thrive in the future.
Establishing a pilot plant will also allow CelluFuel with the intention of creating diesel fuel to be sold inboth Canada and the U.S.
"This will be a brand new, state-of-the-art facility. The equipment purchased from overseas will be delivered and ready for quick installation," said CelluFuel president Chris Hooper. "Premier Dexter has said 'there is plenty of life left in the mill'. He was right. The work to be done by CelluFuel is a clear example of the successes we are seeing when it comes to innovation and opportunities for the forestry industry."