Potential port partner increases region land holdings

Published: Thursday, February 6, 2014 at 12:38 PM.

The acquisition is also a positive sign for the Port of Port St. Joe.

The port and the foundation have entered into a letter of interest, small caps compared to the more formal legal documents exchanged by the St. Joe Company and two energy companies, to ship through an operational port.

Contingent on dredging of the shipping channel as well as improvements to the rail line between Port St. Joe and Chattahoochee, the foundation expressed a desire to transport aggregate from Georgia for shipping through the Port of Port St. Joe.

In turn, the foundation would send sand from land holdings near Port St. Joe and along the rail line to its plant in Georgia.

Finally, the foundation has an interest in selling timber to be turned into pellets in the factory operated by Green Circle, one of the two energy companies with a Letter of Interest with the St. Joe Company.

In total, the foundation proposes to transport 1.5 million tons of rock and sand annually via the port and railroad.

“We have great interest in the revitalization of the Port of Port St. Joe and even more interest as we discuss the potential of having a heavy bulk port ready by the end of 2014 as well as the understood commitment from the State of Florida to build railroad access,” Thueson wrote to Port Authority chair Leonard Costin last year.

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