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Laidlaw Energy Group Inc. announced April 2 that its affiliate, Laidlaw EcoPower LLC, has agreed to acquire certain property and assets of the Fraser Paper Mill, located in
North American Dismantling Inc., the current owner of the facility, has agreed to retain an equity position in the Berlin Project. In addition, Laidlaw and NAD intend to work together to develop the balance of the approximately 130-acre site for manufacturing. The parties are currently in discussions with several parties that could potentially be ideally suited to occupy the balance of the site and have a synergistic relationship to the power plant. A combined heat and power application could ultimately be the result, whereby the plant would supply electricity and excess thermal energy to a manufacturing entity for process heating purposes, in addition to exporting its green power to the electric grid. A biofuel application that would have a synergistic relationship through the common use of biomass fuel is also being actively considered.
Emissions from the biomass-energy facility will be maintained at an unprecedented low level through the use of highly advanced, second generation emissions controls that are expected to enable the plant to qualify for the renewable energy programs of various states in the Northeast and allow for the sale of Renewable Energy Credits (RECs).
The Berlin Project is a joint effort between Laidlaw Energy Group and EcoPower LLC, a local business whose principals have extensive experience in the development and operations of biomass-energy facilities. Basic Energy, with whom Laidlaw has an existing development relationship in connection with its
The acquisition is subject to documentation and the completion of Laidlaw’s due diligence. It is expected to close within the next several months.