Forward momentum continues for Port of Port St. Joe

Published: Thursday, June 27, 2013 at 09:38 AM.

The St. Joe Company last week announced another agreement that offers opportunities for growth at the Port of Port St. Joe, provided maintenance dredging of the shipping channel can be accomplished.

St. Joe announced it had signed a Letter of Intent (LOI) with Enova Energy Group that could lead to the shipping of a minimum of 1 million metric tons per year of wood pellets through the Port of Port St. Joe by way of the AN Railway.

The wood pellets would be shipped to overseas markets.

Enova also has interest in using or developing facilities provided the Port of Port St. Joe can accommodate the vessels need for the shipment of commercial wood pellets.

Enova is a full service, clean energy development company specializing in development and operations of contracted renewable based assets. The LOI with St. Joe contemplates economic development opportunities for Northwest Florida, including the potential to bolster usage of the AN Railway and make the Port of Port St. Joe operational.

This is the second LOI signed by St. Joe with an energy company in the past two months. The agreement with Enova is similar to an LOI signed with Green Circle Bio Energy, Inc. last month.

That LOI anticipated Green Circle would establish a wood pellet site along the AN Railway and ship up to 300 million metric tons of pellets through the Port of Port St. Joe, contingent on the completion of maintenance dredging.

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