We discuss the latest topics and trends in economic development with subject matter experts and influencers from across the nation and around the world.
The Arkansas Inc. Podcast is available on Spotify, Apple Podcast, Google Podcasts, Soundcloud, Stitcher, Overcast, Podbean, Radio Public, and other podcast platforms. If you would like to listen on a mobile device, download the app for your preferred listening platform. Search for "Arkansas Inc" or click one of the links above from your device. From there, you will find our podcast page and be able to access episodes.
Don't forget to subscribe to be notified when we publish a new episode.
An Arkansas company is blazing the trail in the timber and forest products industry as a producer of sustainably sourced biomass. In April of this year, Highland Pellets delivered its first shipment of sustainable wood pellets to Drax Biomass in the United Kingdom to be used as a coal substitute to power fuel stations. The company’s new wood pellet facility in Pine Bluff, Arkansas, will produce more than 660,000 tons of pellets per year when it reaches full capacity.
The $229 million plant is changing the Arkansas forest industry and making a significant impact on the economy by not only producing sustainable fuel, but by producing sustainable outcomes for its employees, the community and the environment. The facility is providing 68 full-time jobs to the surrounding communities, and more than 450 direct jobs in the transport and forest-industries supply chain. The direct economic benefit of the Pine Bluff facility is estimated at $77 million annually.
Highland has positioned itself to become an immediate high-level provider of sustainable wood pellets for the European market. Wood pellets are a sustainably sourced feedstock for use by European industrial utilities to lower carbon footprint and provide sustainable base load power. Union Pacific will transport pellets produced at the facility on mainline rail to the Port of Greater Baton Rouge, Louisiana, for export to Europe.
The Highland plant will use up to 1.4 million tons per year of wood feedstock, or fiber, taken from sustainably managed private working forests in the local area. Even after Highland’s processing of local wood, the pine wood in the region is forecast to increase from 113 million tons in 2014 to 156.8 million tons in 2032, according to Entergy Corporation.