Biochemtex Invests $200 Million In North Carolina Cellulosic Biofuels Facility
Area Development Online News Desk (12/02/2013)
A global technology provider of specialized biofuels and renewable chemicals, Biochemtex will invest approximately $200 million to locate its new cellulosic biofuels production center in Sampson County, North Carolina. The company and its partners plan to create 65 jobs in the region during the next three years.
In North Carolina the firm will operate as Carolina Cellulosic Biofuels, established in early 2013 as a Special Purpose vehicle for delivering the first commercial scale cellulosic bio-refinery utilizing purpose grown energy crops in North America. This new plant will produce 20 million gallons per year of cellulosic biofuel from locally grown energy crops, agricultural residues, and woody biomass.
“Biochemtex is excited to bring our PROESA technology platform and our partners to eastern North Carolina," said Guido Ghisolfi, CEO and owner of Biochemtex. “We’ve already engaged with regional farms and farmers for the supply of energy crops and we see great opportunity for growth and additional projects where regional infrastructure matches need.”
“Chemtex’s decision is further proof that the biofuels industry is positioned for growth across our state,” said Gov. Pat McCrory. “We have the qualified talent, strong business climate, and attractive quality of life that companies need to succeed. We also have the agricultural capacity and flexibility to provide profitable energy crop options for North Carolina farmers and cost advantaged cellulosic feedstocks for Biochemtex and the advanced biofuels industry.”
The project was made possible in part by a performance-based grant from the One North Carolina Fund of up to $300,000. The One NC Fund provides financial assistance, through local governments, to attract business projects that will stimulate economic activity and create new jobs in the state. Companies receive no money up front and must meet job creation and investment performance standards to qualify for grant funds. These grants also require and are contingent upon local matches.
“Biochemtex and various state organizations have worked long and hard on this major development utilizing sustainable new technologies and cellulosic energy crops and I’m thrilled to have the new jobs, corresponding agricultural demand and capital investment for eastern North Carolina,” said Senator Brent Jackson.
Other partners that helped with this project include: the N.C. Department of Commerce, N.C. Community Colleges, Sampson County Economic Development Corporation, Sampson County, City of Clinton, N.C. Department of Agriculture, NCSU – N.C. Cooperative Extension and the Biofuels Center of North Carolina.