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Wood Pellets
Photo Credit: US Department of Agriculture

Westervelt Pellets I LLC

Aliceville, AL
August 2012

Construction of a wood pellet manufacturing facility expected to produce 280,000 metric tons of wood pellets per year to be sold worldwide. The project will purchase approximately $15 million of raw materials from local timber markets annually.

 

Project Facts:

CCML Financing: 
$20,000,000
Financing Program: 
Federal New Markets Tax Credits
Tax Credit Investor(s): 
Wells Fargo Community Investment Holdings
Other CDEs: 
Three partner CDEs
Learn more about Westervelt Pellets

Community Benefits:

Permanent Jobs Created/Retained: 
62