GLOSTER, Miss. (AP) — The town of Gloster has signed a lease with Drax Biomass International for its Amite BioEnergy wood pellet plant.
The Enterprise-Journal reports that the 15-year lease calls for the company to pay the town $8,000 per year for the first 10 years and $9,000 for the next five. There are options to continue the lease at $10,000 per year for the next 10 years and $11,000 per year thereafter.
The board of aldermen this week issued a permit to Haskell Co. of Jacksonville, Fla., to begin site work at the local industrial park.
Drax, a British energy company, plans to invest $80 million in the operation and employ at least 45 people. Wood pellets are burned by European power plants and industries in an attempt to cut carbon dioxide emissions.
Information from: Enterprise-Journal, http://www.enterprise-journal.com