RICHMOND, Va. (AP) -- Packaging company MeadWestvaco Corp. will build a biomass boiler and upgrade its power system at its Covington mill in a $285 million investment.
Gov. Bob McDonnell announced the company's plans Monday that will allow the facility to become self-sufficient in energy production and significantly reduce operating and maintenance costs.
The Richmond-based company will replace two older and less-cost efficient fossil fuel units and primarily burn biomass such as tree bark, wood residues and water treatment plant residuals.
The company operates in 30 countries and has customers in more than 100 nations.