MILLINOCKET, Maine (NEWS CENTER) -- A project that many hoped would bring jobs back to Millinocket now faces an uncertain fate as officials in Maine will once again have to consider whether they should approve state taxpayer-backed financing for the project
The Thermogen project has been years in the making for the town. 'Cate Street Capital,' which is the company that owns the site of the old Millinocket paper mill, has been looking to build the new plant since 2011.
'Cate Street' wants to make energy rich wood pellets called 'biocoal' on the site of the old mill. Yet now changes to the plant's production model could put it's funding in jeopardy.