JAFFREY, N.H. , Aug. 7, 2009 (Press Release) – New England Wood Pellet LLC and Norbord Inc. today announced that NEWP will acquire Norbord’s Deposit, New York land and property and build a new 100,000 ton-per-year state-of-the-art wood pellet manufacturing facility.NEWP and Norbord expect to close on the purchase and sale by November 5, 2009. Norbord’s intentions are to continue manufacturing of medium-density fiberboard until closing.”We are excited to work with Norbord toward the transition of this facility to a new era of renewable biomass fuel manufacturing,” said Steven J. Walker, President and CEO of New England Wood Pellet. “The Deposit site represents an attractive growth opportunity because of its outstanding location relative to northeastern demand for pellet fuel, its well-established wood supply, its excellent highway and rail access, and its exceptional labor force. We look forward to working with Deposit officials and local citizens to ensure a successful transition.”The demand for wood pellet fuel is expected to increase as consumers move toward renewable heating resources, and as government enacts policies to reduce demand for foreign fossil energy for heating and to promote low carbon energy resources. New stove and boiler technology allows use of pellets fuels to provide very clean, high efficiency heating for residential, commercial and industrial custome
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