Verso Launches Renewable Energy Project at Bucksport, Maine Mill

Verso's Bucksport, Maine mill

Nov. 19, 2010 - Verso Paper announced the launch of a $40 million Renewable Energy Project at its Bucksport, Maine mill.

The project will provide a 43% increase in thermal energy production from renewable biomass at the Bucksport Mill and will generate additional green power — equivalent to the amount needed to supply electricity to 30,000 Maine households, the company said in a written statement.

"This project represents what Verso stands for when it comes to our position as a green energy company and as a leader in environmental stewardship. We will have the ability to generate more green energy from renewable biomass, which reduces our carbon footprint, all while increasing overall energy efficiency,” says Verso president and CEO, Mike Jackson.

The Bucksport Mill will achieve these energy efficiency improvements by replacing coal with biomass in the #8 Boiler and installing a new 25-megawatt turbine generator, Verso said.

Funding for the Bucksport Renewable Energy Project includes a grant from Efficiency Maine, which is an independent trust that invests in cost-effective energy efficiency or alternative energy projects to reduce energy costs and improve Maine’s business environment.

The Bucksport Renewable Energy Project is scheduled to begin construction before the end of the year.

Based in Memphis, Tennessee, Verso Paper Corp. is a leading North American producer of coated papers, including coated groundwood and coated freesheet, and supercalendered and specialty products. Verso’s paper products are used primarily in media and marketing applications, including magazines, catalogs and commercial printing applications such as high-end advertising brochures, annual reports and direct-mail advertising.

SOURCE: Verso Paper Corp.