Wood Fuel Developers is investing $8.6 million and creating 28 jobs in Sussex County, Virginia. The company will establish a wood pellet manufacturing operation there.
"The Sussex County Project offered a unique opportunity that enabled us to expedite our business and marketing objectives by acquiring an existing facility including site infrastructure, buildings, machinery, and the purchase and installation of new equipment," said Steve Gordon, president and CEO of Wood Fuel Developers.
Governor Bob McDonnell has approved a $75,000 grant from the Governor's Opportunity Fund to assist Sussex County with the project. Additionally, the Virginia Tobacco Indemnification and Community Revitalization Commission has approved $110,000 in Tobacco Region Opportunity Funds for Wood Fuel. The Virginia Department of Business Assistance (VDBA) will provide aid the company's recruitment and training activities through its Virginia Jobs Investment Program.
Wood Fuel Developers, a renewable fuels company, develops and operates wood fuel and pellet production facilities for residential, industrial, and power generation markets.