Albany to Construct Biomass Plant

| December 5, 2014
Image of a Biomass Plant

Image of a Biomass Plant

ALBANY — Albany will be issuing $250,000,000 in bonds to fund a biomass plant to provide energy for Procter & Gamble and the Marine Corps Logistics base, it was announced Thursday.

Albany Green Energy, LLC will be the beneficiary of the bond issuance through the Albany Dougherty Payroll Development Authority.

Authority Chairman Jeff “Bodine” Sinyard told WALB that the plan would be one of the top 10 in the nation.  He also stated in the report that it would be a “tax-saver”.

The plant will be constructed to burn cellulose, which in this case will include peanut hulls, tree limbs, leaves and other non-fossil fuels.

Procter & Gamble, an industrial fixture and employer in Albany for decades, will own the plant after 20 years of use.  The plant’s completion date is scheduled to be announced in January by the Authority.

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