Urania pellet plant has new owner
The idle pellet plant in Urania will soon be in operation thanks to its recent purchase by Atlanta-based Drax Biomass, a leading manufacturer of sustainably sourced compressed wood pellets.
The company was awarded the winning bid for the acquisition out of bankruptcy of Louisiana Pellets (German Pellets of Louisiana) during an auction held on March 30. The German Pellet plant in Urania filed for Chapter 11 bankruptcy in February 2016 and has been idle ever since.
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