Southeast Renewable Energy Announces New Facility in Allendale County
November 22, 2010
Investment expected to create 20 new jobs
COLUMBIA, SC – November 22, 2010 – The South Carolina Department of Commerce, Allendale County and the SouthernCarolina Alliance today announced that Southeast Renewable Energy will build its new renewable energy facility in Allendale County. The $50 million investment is expected to generate 20 new jobs over the next five years.
Company president and CEO Raine Cotton said that Southeast Renewable Energy is “working diligently to get the last few steps of the project worked out; including permitting, that will allow the project to begin construction in early 2011.”
Southeast Renewable Energy will build a 15-megawatt biomass energy plant in Allendale County that will be fueled using timber residues. The company will sell the green power to Santee Cooper, and the plant is expected to be completed in late 2012. It is expected that the new plant will also create many indirect jobs in the logging, trucking and forest product industries.
“South Carolina continues to see an increasing number of opportunities in both the energy and forestry sectors of our economy, and Southeastern Renewable Energy’s investments utilize our state’s unique skills and resources in these sectors. By fostering a business-friendly climate and focusing on building a skilled workforce, South Carolina is well positioned to attract new investments from companies like Southeastern Renewable Energy and this in turn means job opportunities for workers in our state. We appreciate Southeastern Renewable Energy’s investment and look forward to its success in the state,” said Joe Taylor, Secretary of Commerce.
The company also has plans for a similar plant in Dorchester County. The company has an agreement to sell green power in both cases to Santee Cooper for 30 years.
“We welcome Southeast Renewable Energy to our community, and we appreciate their investment in Allendale County,” said Allendale County Council Chairwoman Theresa Taylor. “We look forward to working with their team and creating the best environment for a successful operation.”
“Southeast Renewable Energy will be an asset to our regional economy, where the alternative energy and forest product industries have played key roles in job creation and capital investment here for many years,” said Danny Black, president and CEO of the SouthernCarolina Regional Development Alliance. “From our local workforce to our regional industrial community and infrastructure, we believe Southeast Renewable Energy will find our area a perfect fit for this exciting project.”
The company will begin requesting applications for the positions in early 2012.
Southeast Renewable Energy was founded in 2000 and is a growing leader in the biomass energy market. The company’s focus is on developing biomass facilities with strategic partners and helping others navigate the development phase. For more information, please visit www.serenew.com.
About S.C. Department of Commerce
The S.C. Department of Commerce works closely with economic development professionals throughout the state to recruit new jobs and investments and help existing businesses grow. Commerce has been recognized for its success in the areas of job creation and economic impact by Area Development and Business Facilities magazines. The S.C. Department of Commerce was one of 10 state economic development organizations to receive Area Development’s Silver Shovel Award in 2009 and Commerce received the 2009 Deal of the Year award from Business Facilities magazine. Southern Business & Development also awarded the S.C. Department of Commerce the “Deal of the Year” for the 2010 SB&D 100. Commerce received the recognitions for Boeing’s selection of North Charleston for the company’s second final assembly plant to support the 787 Dreamliner program. In addition to job and investment recruitment, the agency provides a range of business support services and offers grants for community development and infrastructure improvements. For more information, visit www.SCcommerce.com.
