Verso Receives $2M Grant for Boiler Upgrades



BUCKSPORT — Verso Paper Corp. is the recipient of a $2-million Maine Industrial Grant for improvements to a multi-fuel boiler at the Bucksport mill.

 

Verso received the largest of 16 grants awarded to companies and institutions in the state. The grants are intended to “save energy, reduce greenhouse gas emissions and support businesses,” according to a press release from the Governor’s office.

The $8.9 million in grants was funded by the federal Recovery Act and the Regional Greenhouse Gas Initiative distributed by the Energy and Carbon Savings Trust.

Verso spokesman Bill Cohen said the company’s award would be used for additions to and redesign of parts of an existing boiler at the mill in order to improve efficiency.

He said the bulk of the money for the project would come from Verso. He declined to say how much the company would contribute or exactly what the project would involve. Verso officials must first negotiate the terms of accepting the grant money, he said.

“I’m not getting into the details until we sit down,” he said.

He said the boiler generates electricity and steam for the mill.

“It’ll burn just about anything,” he explained.

What goes in depends on what material is cheapest at the time.

Projects chosen for the grant money were selected based on how well they added value to the state economy, saved energy and reduced greenhouse emissions. The $8.9 million in grants will be matched by $81 million in private investments, according to the press release.

The total $90 million investment could create more than 950 jobs, according to the U.S. Department of Energy’s method of calculating job creation.

For more business news, pick up a copy of The Ellsworth American.

 

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