Pellet mill expanding with investor tie-up

The Highland Pellets’ plant is undergoing an expansion with the assistance of a $163 million capital partnership with Orion Energy Partners, an energy investment company with offices in New York City and Houston. (Pine Bluff Commercial/Byron Tate)

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Highland Pellets LLC, a wood pellet producer, has announced a strategic alliance with Orion Energy Partners LP to fund an expansion and upgrade of its plant in Pine Bluff and to provide capital for long-term growth initiatives, according to a joint news release from the two companies.

Orion, based in New York City and Houston, Texas, is a private capital partner to lower/middle market energy infrastructure and related companies, and is providing a $163 million capital investment to fund the expansion and upgrade.

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Source: Arkansas Democrat-Gazette

 

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