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Business & Development

2008

Salmon plant operating sooner, adding more jobs than expected

Cooke Aquaculture Inc. opened its Machiasport salmon processing plant earlier than expected and is adding more jobs than previously announced. Operating as True North Maine Inc.

2008

Lobster fishermen in province contend with price collapse

"It's all gone to pieces in a big hurry," says lobster fisherman Laurence Cook of Seal Cove, Grand Manan. "It's an untenable situation with the price. It's very near production costs."

2008

Quoddy Bay LNG on hold; Downeast acts after warning

Downeast Pipeline LLC, an affiliate of Downeast LNG, which proposes to build a liquefied natural gas terminal (LNG) in Robbinston, was warned by the Federal Energy Regulatory Commission (FERC) to start its open season by Thursday, November 13, or risk FERC's reassessment of the commission...

2008

FERC dismisses LNG application but Quoddy Bay plans to refile

The Federal Energy Regulation Commission (FERC) has dismissed the application submitted by Quoddy Bay LNG to construct a liquefied natural gas (LNG) terminal facility at Pleasant Point and Perry and a proposed pipeline to connect with the natural gas pipeline in Baileyville.

2008

First Wind gives project a second wind

After lying dormant for a couple of years, the plan for a wind energy project on Grand Manan has passed from one company, Eastern Wind Power of Quispamsis, N.B., to First Wind of Newton, Mass., which is expecting to begin construction at the site next year.

2008

Quoddy Bay LNG requests another BEP postponement

Quoddy Bay LNG is seeking another postponement of a pre-hearing conference before the Maine Board of Environmental Protection (BEP).

2008

Cooke set to reopen plant in Machiasport

While the New Brunswick government was announcing on June 27 a $3 million loan to Cooke Aquaculture, which will help in the firm's ongoing creation of 230 new jobs in the province, the company released publicly its decision to reopen the Machiasport processing plant in Maine by early next year.