Business & Development

An international investment holding company that trades almost exclusively in hardwood pulp has bought the Domtar hardwood market pulp mill in Baileyville.

Iberdrola Renewables will be setting up two towers to conduct wind studies for a possible wind turbine site on land in Trescott owned by Griffin family members under DMG Enterprises. Iberdrola, headquartered in Spain, is considered the largest renewable energy operator in the world. Iberdrola USA is the parent company

The electricity-generating biomass plant in Jonesboro that has been owned by Covanta Energy since 2008 will be changing its operating model, resulting in 16 out of about 21 employees losing their positions with the plant.

David Marlow of Marlow Yachts came to discuss his yacht-building dream for Eastport during a workshop with the city council. The city will investigate the potential sale of city property, the facility that currently houses the Boat School.

The Saint John LNG terminal earlier this month picked up a new contract to help ensure its supply of natural gas. On October 7 Repsol and Qatargas signed a multiyear agreement under which Qatargas will supply liquefied natural gas to Repsol Energy Canada Ltd. at the Canaport LNG facility.

Washington County and the City of Eastport are the successful applicants for $1,423,480 in federal funding to create up to 70 jobs over a three-year period and the first marine renewable energy manufacturing facility of its kind in the United States.