Local agency approves bond for $230 million biomass plant at Procter & Gamble tissue mill

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Local agency approves bond for $230 million biomass plant at Procter & Gamble tissue mill

December 10, 2014 - 18:30
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ALBANY, GA, Dec. 9, 2014 (Local News) -A formal announcement is still pending, but the Albany-Dougherty Payroll Development Authority brought the $230 million biomass energy plant that will be built on land adjacent to the local Procter & Gamble campus a step closer to reality Thursday when its members approved a $250 million bond issuance for the project.

"It does appear (P&G, in conjunction with Albany Green Energy, which will manage the plant) is going through with this project," PDA attorney Jay Reynolds said. "They've asked that we approve this bond resolution so that the tax abatements you previously approved will be in place by the first of the year.

Albany Herald - PDA approves bond issuance for P&G biomass plant

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