Local Business Headlines
- St. Louis Freightway, Port of New Orleans sign pact aimed at fostering economic growth
- J.C. Penney says it will close up to 140 stores
- Alton resident presented Living Legends Award
- Economic development course series starts March 1
- World’s Largest Garage Sale makes return April 23
- CNB Bank & Trust announces new financial advisor
- SIUE implements reverse transfer credit program with LCCC
- Divine Immanence LLC, Maryville beauty supply business, opens
Alabama-based industrial company buys Maine power plant
STACYVILLE, Maine (AP) _ An Alabama company has bought a closed power plant in Maine.
The Press Herald reports (http://bit.ly/2ll9t7D ) that an Alabama-based company called 42 Railroad Ave LLC agreed to buy a biomass power plant in Stacyville from Niagara Worldwide for an unspecified amount. Sherman Development last operated the plant.
Steven Johnson, the company's CEO, says he plans to rebuild the turbine in an attempt to produce more than 100 tons of activated carbon each day.
Johnson says that the renovated plant could bring 300 jobs to the region. The company has already started the process of renewing permits for the plant.
42 Railroad plans to reopen by late June.
Information from: Portland Press Herald, http://www.pressherald.com
By The Associated Press, Copyright 2017