Oil & Energy - , ,
Magnolia BioPower LLC (MBP) is a manufacturer of wood pellets, renewable energy and green electrons. MBP's new production facility in Georgia is due to be completed in 2011 and when fully operational will produce 1 million tons of wood pellets annually, as well as up to 30 – 40 MwH of electrical power. The location of MBP's proposed facility is ideal as it is located a short distance from the ports of Brunswick, Jacksonville and Savannah allowing easy export of the annual production to the major markets in Europe. Wood pellets are a carbon neutral renewable energy alternative which is cost effective for coal-fired thermal power plants due to the limited need for retrofitting. Demand to reduce CO2 emissions and the need for renewable energy is increasing globally and wood pellets are a reliable alternative energy source.