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Article: New plant planned in Mingo: ; Agency OK'd financing for facility that will turn wood waste into power
- Article from:
- Charleston Daily Mail
- Article date:
- October 16, 2009
- Author:
CopyrightCopyright 2009 Charleston Daily Mail. Provided by ProQuest LLC. (Hide copyright information)
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Charleston entrepreneur Thomas Loehr announced plans to build a
$150 million plant in Mingo County that would convert wood waste to
electricity.
Loehr's plan came to light Thursday when he asked the West
Virginia Economic Development Authority for preliminary approval to
issue up to $100 million in tax-free bonds to help finance the
project. The authority's members unanimously approved the request.
The plant would be built in the Harless Wood Products Industrial
Park. It would use more than 400,000 tons of wood waste per year to
generate 28 megawatts of electricity. That's enough power to supply
about 20,000 homes.
Loehr said there are two critical pieces of the project that
remain to be ...