Core Industries has entered into an agreement with CM biomass to construct a wood pellet processing and storage facility in Mobile, Alabama, according to information released in July by the Mobile Chamber and Industrial Development Authority.
As part of the agreement, Core Industries will receive, store and load wood pellets for shipment. The company plans to invest $8.75 million to construct two 27,600-square-foot warehouses at its existing location in Theodore, Alabama.
CM Biomass operates a wood pellet plant in Jackson, Alabama, and recently acquired a facility a pellet mill in Washington County, Alabama. According to the Mobile Chamber, the new processing facility in Theodore will allow CM Biomass to enhance the distribution and logistics capabilities for those pellet plants.
“We are very pleased that CM Biomass selected Core Industries to handle its wood pellets,” said Michael Myles, principal owner of Core Industries in a statement. “This deal with CM Biomass is an example of Core’s diversity and build-to-suit capabilities. That and our close proximity to Interstates 10 and 65 and the Gulf of Mexico, make Core Industries a logical choice for cargo handling and logistical services. We are grateful to the Mobile Chamber for its support to help make this business opportunity possible and look forward to a long partnership with CM Biomass.”
