Saw some great news in the local papers today that a very successful businessman, with local ties, is buying the vacant Ethan Allen factory in Island Pond and will be making wood pellets. This near same story came around a few months ago with another guy doing the same thing but his deal fell apart. The new guy, Fran Azur, is quite wealthy and will definately do it and do it right. He's donated many thousands of dollars to local causes recently. I believe their plan will involve whole tree chipping so they're not dependent on buying sawdust to make pellets. Article said they plan 50,000 tons first year and expand to 100,000 tons over time. They are also talking about doing a co-generation plant in the same building. Pretty exciting news for the NEK as things are pretty bleak up here, like everywhere else. Hopefully, we'll be able to buy pellets directly from the plant or a local dealer for decent prices like $150 a ton or less... Time will tell.
FB in Vt.
FB in Vt.