Bob McElwee, a partner with Freedom Energy, spoke to the Effingham County Economic Development Advisory Board Tuesday about a potential wood pellet plant project. Freedom Energy is a wood pellet producer and distributor with a global customer base. Wood pellets are used as a renewable, clean burning, and cost effect fuel system. They can be used for heating and stoves, both at the residential and commercial level.
McElwee (seen above), an Effingham resident, is looking into the possibility of opening a smaller plant for pellet production in Effingham. He is mention to the Board the property on South Banker Street owned by CCI Properties as a potential location.
At this time the project is just in the research phase, as McElwee said he still needs to determine if the customer base is present. He estimated that the project would cost around $150,000 to get started. McElwee told the Board that he wasn’t seeking financial assistance.
The Board also discussed its revolving loan fund program. The fund currently has around $20,000, all of which is from businesses making their payments as the original loan fund has all been loaned back. Applications for new loan recipients are being accepted.