E-Pellets LLC acquired the formerly shuttered Louisiana Pacific OSB mill in Athens, Ga. The company plans to convert the mill into a wood pellet production facility, producing approximately 450,000 metric tons annually. The wood pellets will be exported to the European Union to be used as an alternative to coal as fuel in power plants.
E-Pellets LLC has a long-term port agreement with Georgia Kaolin Terminal Inc. (GKT), which provides E-Pellets sufficient port capacity to export up to 1.35 million metric tons per year of wood pellets through the port facility in Savannah.
E-Pellets previously purchased another underperforming production facility in Nahunta, Ga., and is expanding the production volume. All of the wood pellets are contracted to be sent to European power producers. E-Pellets is exploring other development opportunities in Georgia and South Carolina.