A plant in Crossville was recently purchased to produce wood pellets that will be shipped to markets overseas.
According to DeKalb County Economic Development Authority Executive Director Jimmy Durham, the company in question, Mohegan Renewable Energy, of the Mohegan Tribe, has been working with DeKalb County for several months. Durham said the company will occupy the former Lee Energy Solutions building. Durham said Mohegan Renewable Energy produces wood pellets used for stoves.
“What this company did is basically buy the assets and they’ll be opening it up,” Durham said. “They will be producing the pellets, and they have another plant they bought in Jasper, Tennessee.
“A lot of it will be shipped overseas to be exported.”
Durham said he wasn’t sure how many jobs it would bring to the area, or just how many they would be employing.
He said they have been working on the project “for several months,” and that there’s the possibility for additions in the future. He said the company ships many of their products overseas.
Durham said Pam Clay, director of business retention and expansion, said they are “real excited to have [Mohegan Renewable Energy] in Crossville and DeKalb County.”
According to a press release from the Mohegan Tribe, Mohegan Renewable Energy was created as a new division to export biomass energy sources to global markets.
The release said that MRE acquired the plant in Crossville and the Jasper, Tennessee plant because of the “significant growth in output.”
The two plants will ship more than 180,000 tons of wood pellets domestically and internationally. The increase will account for about 50 new employees in the coming months.
“Mohegan Renewable Energy is poised to grow the renewable energy business and further penetrate the global markets,” said Mark Boivin, president and CEO of Mohegan Renewable Energy.
“We recognize the importance of looking beyond wood pellets and have assembled a knowledgeable and experienced team that understands how to build resilient supply chains for the markets both in Europe and Asia.”
“The Mohegan Tribe has long been about more than just gaming,” said Kevin Brown “Red Eagle,” chairman of the Mohegan Tribe and of the Mohegan Holding Company.
Management Board. “As we continue to expand in all of our diversification efforts, our commitment to growing our Mohegan Holding Company and Mohegan Renewable Energy business is unwavering, and this recent acquisition is a critical step in securing a successful and predictable future through long-term international business arrangements.”
Mohegan Holding Company, LLC was created by the Mohegan Tribe for business diversification in non-gaming areas, and this includes interests in franchise restaurants, manufacturing, office digital solutions and sustainable energy resources.
—Kayla Beaty contributed to this article.