Another Port and Pellet Pact

Some big news in the pellet industry this week was that Enova Energy group signed a Letter of Intent with the St. Joe Company in Florida to use the port and the AN Railway to ship wood pellets overseas, a minimum of 1 million metric tons. As pointed out in the announcement from Enova, the Port of Port St. Joe (yes, it is the Port of Port St. Joe) is well positioned for bulk cargo shipments, offering access to rail, the U.S. Gulf Intracoastal Waterway and state and U.S. highways. The Port also has a navigational channel that is federally authorized to a maximum of 37 feet, but dredging the Port’s shipping channel to the authorized depth is necessary prior to commencing shipping activities. And it sounds like it’s definitely going to happen. As a footnote, Enova has a biomass power plant in development in Painfield, Conn., that will begin operations during the last quarter of this year. – See more at: http://www.biomassma…h.e0UG9DRQ.dpuf Taylor Scott International