Business & Development

Representatives of Acadian Seaplants Ltd. of Pennfield gave a presentation to Pembroke selectmen at their meeting of July 20 to update them on the company's 2009 rockweed harvesting operations in Cobscook Bay.

Deer Island Credit Union, the only banking facility on the island, has announced it will no longer serve the public five days a week, but will only be open from 8:30 a.m. until 4 p.m. on Tuesdays and Fridays, beginning on Tuesday, July 28.

Residents around Passamaquoddy Bay have been wrangling over liquefied natural gas (LNG) projects for five years, while some 50 miles away a new LNG terminal in Saint John was expected to receive its first shipment this week from the 932-foot Bilbao Knutsen.

Ocean Renewable Power Company (ORPC) has been awarded over $800,000 in funding from the Maine Technology Asset Fund, granted by the Maine Technology Institute, which will be used to build and test the commercial design of its proprietary tidal energy technology.

Domtar Corporation will be reopening its Woodland pulp mill this month because of a number of favorable changes in the marketplace.

Campobello's representative in Ottawa has been actively helping the islanders solve the banking crisis of losing their only financial institution when the Charlotte County Credit Union closes its doors on June 26.