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E3 Consulting Supports Caliche Development Partners In Securing A $150 Million Capital Partnership With Orion Energy Partners
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Highland Pellets, Orion Energy to expand Arkansas wood pellet facility
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PINE BLUFF, Ark. – Highland Pellets LLC has entered into a $135 million strategic capital partnership with Orion Energy Partners L.P. to fund the expansion and upgrade of its wood pellet facility in Pine Bluff, Arkansas. When complete, the facility will be capable of producing up to 675,000 metric tonnes of sustainably sourced wood pellets per year.
The Highland Pellets facility was initially completed in 2017 and is currently undergoing equipment upgrades to improve operational performance and increase production capacity. The Pine Bluff, Arkansas-based wood pellet producer said it has a long-term contract in place with a major European power producer.
Funds from the capital partnership will also be used to provide capital for long-term growth initiatives. The biomass facility currently supports more than 90 full-time jobs to the local community and more than 330 jobs in the adjacent forest industries and transportation supply chains.