Orion Energy Partners to fund $135M strategic capital partnership with Highland Pellets

December 10, 2020 |

In Arkansas, Highland Pellets announced a $135 million strategic capital partnership with Orion Energy Partners to fund the expansion and upgrade of its existing wood pellet facility in Pine Bluff, Arkansas as well as provide capital for additional long-term growth initiatives. The facility is supported by a long-term contract with a major European power producer and, when complete, will be capable of producing up to 675,000 metric tons of sustainably sourced wood pellets per year.

The Highland facility was initially completed in 2017 and is currently undergoing equipment upgrades to improve operational performance and increase production capacity.

Highland sources sustainable fiber resources for its wood pellets consisting of trees that are not suitable for the lumber market (either due to size or quality), thinnings from crowded forests, and leftover material from local sawmills. The facility supports over 90 full-time jobs to the local community and over 330 jobs in the adjacent forest industries and transportation supply chains.

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Category: Fuels

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