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Verso Launches Renewable Energy Project at Quinnesec Mill

June 24, 2010 - Verso Paper said that it will initiate a $43 million Renewable Energy Project that will allow its mill in Quinnesec, Michigan to meet more than 95% of its energy needs using renewable biomass sources.

“The implementation of the Quinnesec Renewable Energy Project is in alignment with Verso’s three-pronged energy strategy, which is to reduce overall energy consumption, generate more green energy from renewable biomass and reduce our carbon footprint, all while reducing costs,” said Mike Jackson, Verso’s president and CEO.

Mike Sussman, Quinnesec Mill Manager, said, “Verso is fortunate to have active partners in the Michigan Governor’s Office, the Michigan Economic Development Corporation, Dickinson County and Breitung Township, who are working diligently to help make our Renewable Energy Project a reality.”

A direct result of the state-wide partnership is the designation of a Forest Products Processing Renaissance Zone, which allows a company within the zone to operate free of virtually all state and local taxes over the life of the designation, Verso said in a written statement.

According to the company, the project scope includes design upgrades to the Quinnesec Mill’s existing combination boiler, which burns biomass from waste wood sources, the addition of a new biomass handling system, and the installation of a new turbine generator supplied by Siemens.

In addition, Verso is partnering with AMEC Engineering to begin detailed design for the Project, which is estimated to start up by December 2011.

A ribbon-cutting ceremony on June 28, where key stakeholders involved in project planning and execution will be invited to tour the site.

SOURCE: Verso Paper




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