Enova Energy Group said it will purchase Southeast Georgia Biofuels, a wood pellet plant located in Nahunta, Ga.
The plant was formerly known as Biomass Innovations LLC, a briquetting manufacturing plant that began operations in 2009. It ceased operations in 2011 and was later purchased by SEGA for conversion to a wood pellet plant. Aiding the conversion, which was completed in 2012, USDA Rural Development provided an $8.3 million Business & Industry Guaranteed Loan and $1.3 million in Rural Energy for America Program Business and Industry funds.
Enova plans to install extra equipment to bring the plant closer to hitting its 150,000 ton-per-year capacity, up from its current run rate of about 75,000 to 100,000 tons per year.
All production, which is ENplus certified, is marketed through Danish commodity brokerage firm Copenhagen Merchants out of the Port of Brunswick.