ATLANTA (AP) -- Gov. Sonny Perdue has announced that two European companies are bringing a $150 million bioenergy production plant to south Georgia.
The plant, to be named Georgia BioMass LLC and located in Waycross, will also create 75 jobs. The facility is expected to produce 750,000 tons of wood pellets annually. RWE Innogy of Germany is the investor for the project and BMC of Sweden will develop the facility.
The companies plan to create the world's largest renewable energy capacity of wood pellets at the plant and will use the pellets to meet the growing European demand for renewable energy.
The location was chosen in part because of its forests. The facility will be built on 300 acres and production is scheduled to begin in early 2011.
