MONTICELLO - Zilkha Biomass Energy, a producer of biomass solutions to electric utility customers, today announced it is building a facility in Monticello, to manufacture their Zilkha Black Pellet, the first commercially available advanced pellet in the biomass industry.
The company plans to invest $90 million in the facility and create 52 new jobs.
"Power companies across the globe are looking for renewable energy alternatives and biomass wood pellets stand as one of the most practical and cost-effective solutions," said Jack Holmes, CEO of Zilkha Biomass Energy.
"This plant in Monticello will be one of Zilkha's largest and will help us capture more of the growing biomass energy market. Our Black Pellets have a set of beneficial qualities, such as water-resistance, that make it a more attractive option than traditional wood pellets."
Made from a variety of feedstock, such as mill residuals and other low-grade wood, wood pellets are used in the energy industry as an alternative fuel source.
According to the company the pellets can be easily integrated into coal-fired plants to create cleaner emissions, allowing plants to more easily comply with clean air regulations, and energy companies to build fewer new power plants.