Subsidy Tracker Individual Entry
Morehouse BioEnergy is constructing a 450,000 metric tons- per-year wood pellet production facility in Bastrop. The wood pellets will be manufactured from locally-sourced fiber (e.g. wood logs, chips, clean residuals) from the surrounding managed forests and the end product will be used as an environmentally friendly alternative to fossil fuels, such as coal. Morehouse is an indirect, wholly- owned subsidiary of Drax Biomass International Inc., which is an indirect, wholly-owned subsidiary of Drax Group, a U.K. based and London Stock Exchange listed power generation company which, among other assets, owns the 4,000 megawatt Drax Power Station, one of the largest power plants in Europe The
Subsidy value is sum of estimated tax credits and ten-year payroll rebate. Jobs figure is number of new permanent positions.