Lignetics, a manufacturer of high-quality wood fuel pellets, Pres-to-Logs brand firelogs and firestarter products, will invest $5.35 million to open its first Virginia wood pellet manufacturing plant in Lunenburg County. The company will create 35 new jobs.
According to Virginia economic development officials, the state successfully competed with Kentucky for the project.
Headquartered in Sandpoint, Idaho, Lignetics is a privately held corporation. The company uses only the highest energy output raw material available for products, saving money on heating costs and reducing the impact on the environment. Residential homes as well as many businesses can benefit from this type of heating.
“The reasons Lunenburg County was selected include the warm welcome from a large number of local sawmill operators, allowing the availability of raw materials, the ease of transporting our finished products to our customer base and the tremendous support we received from the community,” said Ken Tucker, CEO of Lignetics.
The Virginia Economic Development Partnership worked with Lunenburg County and the Commonwealth Regional Council to secure the project for Virginia. Governor Kaine approved $75,000 from the Governor’s Opportunity Fund to assist Lunenburg County with the project.
The Virginia Tobacco Indemnification and Community Revitalization Commission approved $120,000 in Tobacco Region Opportunity Funds to support the project. The Virginia Department of Business Assistance will provide training assistance through the Virginia Jobs Investment Program.
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