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Gulf Coast Renewable Energy, which plans to bring a multimillion-dollar wood pellet manufacturing facility to George County’s industrial park in Lucedale, Mississippi, announced today that it has decided to double the plant’s capacity.

It will now produce about 320,000 metric tons of pellets per year, company representatives said, which also bumps up the company’s initial investment from $25 million to $40 million.

When the project was announced earlier this month, company Vice President for Engineering Gary Ogle said it would be designed to produce about 160,000 metric tons of pellets per year but that the company planned to double production within 3 years.

The newly-expanded project will create 40 new jobs and 288 indirect jobs, according to GCRE. GCRE, a new company, will produce biomass for sale to European utilities, which will mix the pellets with coal to reduce their carbon emissions.

From GulfLive.com: http://blog.gulflive.com/mississippi-press-business/2013/03/company_to_double_production_o.html