The Burgess BioPower facility has successfully generated and transmitted power over the grid.
Cate Street Capital's Matt Eastwick analyzes challenges and opportunities in the leveraged loan markets.
John Halle, who founded a company that invests in sustainable technologies, was recognized as Spurwink Services’ Humanitarian of the Year on Saturday night.
Great Northern Paper is in the midst of converting one of the back-up oil boilers at its East Millinocket mill to run on compressed natural gas, a project that will allow the company to run its No. 5 paper machine year round.
The Burgess BioPower plant on the site of the Burgess Pulp Mill on the east side of the Androscoggin River reached a major milestone on Wednesday when the first load of wood chips was delivered, allowing contractor Babcock & Wilcox Construction Co. to test one of the three brand-new truck dumpers at one of the two onsite tipping stations in the fully automated wood yard as part of its commissioning process.
The Burgess BioPower plant hit a new milestone this week with the first delivery of wood as the facility advances through its testing and commissioning stage. Cate Street Capital Vice President Alexandra Ritchie said the 75-megawatt biomass plant is scheduled to come on-line by the end of the year.
While construction continues at the Burgess BioPower biomass plant, the project has begun the transition into the testing and commissioning phase according to Alexandra Ritchie, director of government and community relations for Cate Street Capital.
A slow revolution in the use of biomass for firing or co-firing power generation is picking up pace this year as a number of competing technologies for the production of 'biocoal' move more convincingly towards full commercialisation.
In the U.S., commercial supplies of torrefied wood pellets are difficult to secure. What's holding up market development?
Cate Street Capital is turning green into gold by producing renewable power in New Hampshire and renewable fuel in Maine.
Most of the old Great Northern Paper Co.’s buildings will be razed as the new GNP and its parent company prep the Katahdin Avenue mill site for an industrial park, a company spokesman said Saturday.
East Millinocket is known as “the town that paper made.” It was born with the mill, lived for generations because of it and then withered as the plant slowly downsized and, in 2010, choked to a halt.
Maine's easternmost city is getting a manufacturing plant for a special type of wood pellet that will be shipped overseas as an alternative, cleaner-burning fuel for coal-fired power plants.
A bit of good news for the economy of Downeast Maine: A manufacturer of torrefied wood pellets says its new Eastport production plant could end up employing as many as 75 people. Thermogen Industries, a subsidiary of New Hampshire-based Cate Street Capital, announced plans this morning to build the $120 million facility next to the city's port.
Last month, Great Northern Paper Co. CEO Richard Cyr turned over the day-to-day running of the East Millinocket mill to Ned Dwyer, a 26-year paper industry veteran who assumes the title of president.
Besides staying on as Great Northern's CEO, Cyr will continue as CEO of Thermogen Industries, an affiliated Cate Street Capital company that will be opening the first of five planned "bio-coal" manufacturing plants in Millinocket later this year.
Former Department of Resources and Economic Development (DRED) Commissioner George Bald joined the management ranks of Cate Street Capital (CSC) on Friday, Feb. 1.
Work around the old boiler at the former Burgess Pulp Mill site, around which Cate Street Capital’s up-to-75- megawatt Burgess BioPower plant is being constructed, has exceeded the halfway mark, Cate Street senior project analyst Alex Ritchie said last week.
Great Northern Paper celebrated its one year anniversary at the East Millinocket Mill on Oct. 25.
Even as they were celebrating their company’s first year of operations on Thursday, the leaders of the new Great Northern Paper Co. planned for the second, and a few after that, too.
Great Northern Paper celebrated its one year anniversary at the East Millinocket Mill on Oct. 25.
Cate Street Capital CEO John Hallé was recently named to MaineBiz's 2012 Next List. The list of 10 is comprised of entrepreneurs and innovators who are shaping Maine's economy.
The popularity of the Fifty Shades of Grey novels has helped revive East Millinocket, Maine. The city, once dubbed the town that paper made, had fallen on hard times. A few months after reopening its largest paper mill, Random House enlisted the mill to print the trilogy to keep up with growing demand. Rock Center’s Harry Smith reports.
East Millinocket, Maine, once dubbed the town that paper made, has struggled since its big paper mill closed nearly two years ago, but recently the town received an unlikely boost from the Fifty Shades of Grey craze.
Thermogen Industries LLC and The Conti Group, a contractor building the foundation of the structure that will house the $48 million machine, are advertising locally to hire 10 to 15 workers, said Scott Tranchemontagne, a spokesman for Cate Street Capital, Thermogen’s parent company.
The closure of the last paper mill in Berlin, N.H., was devastating, but its ongoing transformation into a biomass power plant is revitalizing the region.
This once-thriving mill city appears on the cusp of crawling out of its steep economic woes, with residents and officials pinning hope on the federal prison's annual $20 million payroll and a biomass plant, Burgess BioPower, that promises to resuscitate the logging industry when it opens late next year.
Papermakers are heading back to work in East Millinocket. Nearly 40 jobs are available at the mill.
Great Northern Paper Co. plans to start up a second paper machine at its East Millinocket mill, restoring 37 jobs there.
Less than a year after its revival, the Great Northern Paper Co. plans to get a second paper machine up and running in East Millinocket, creating an additional 37 jobs, according to the company’s president and CEO.
Roughly one year after buying the East Millinocket paper mill, a New Hampshire based company is now looking to add jobs there.
"This book is a great example of how our paper can perform."
Great Northern Paper in East Millinocket is cashing in on the wild popularity of the steamy romance novel series "50 Shades of Grey". Random House Publishing has asked the paper mill to produce 3,000 tons of paper for copies of the book.
The hit erotic series "Fifty Shades of Grey" is more like 50 shades of green in a town in Maine.
New Hampshire-based Cate Street Capital (CSC) is banking hard on water in the oil field as it just announced plans to invest another US $40 million into one of its subsidiaries, Clean Runner, a water treatment technology company. This is on top of a $20 million initial investment.
Help wanted: Seeking Boston-area representative to poach Route 128 tech companies. Persuade them to relocate or expand in our area instead of Boston. For more information, contact any candidate running for governor of New Hampshire.
Leaders in Millinocket have given their knod for a project that could bring new life to the town's closed paper mill.
On Friday, Lynch was told that the project was on time, on target, and on budget. It is expected to start producing electricity in the fall of 2013.
With eight contractors working on the various parts of the $275 million project, employment at the site is up to 225 workers, including management. That number, according to site manager Carl Belanger, should get up to 300 in August.
Maine Senate Republicans recently announced an increase in the cap to tax credits for certain rural development projects in the state's new $250 million New Markets Capital Investment Program. The program, which could cost taxpayers $95.7 million, was included in last year's budget and modified in this year's supplemental budget. It mirrors the federal New Markets Tax Credit program, but is funded through the state budget.
A plan to manufacture a new type of wood-derived fuel in Millinocket got a boost with Gov. Paul LePage's signing of the supplemental budget. The budget increases the amount of tax credits Cate Street Capital can receive for the energy project to $40 million.
Berlin Mayor Paul Grenier said he was pleased to see Local 7 follow through on the promise it made to the local communities.
Officials with Cate Street Capital say that they are now beginning steps to pursue their new plan for the Millinocket paper mill.
Burgess BioPower biomass plant construction is ramping up as the summer nears.
Great Northern Paper Company, LLC, (GNP) announced that it received a Forest Stewardship Council (FSC) certification.
Thermogen Industries is breathing new life into the old paper mills in the Katahdin Region, creating an alternative energy source that will benefit the economy and environment.
In a huge step toward adding the production of treated wood at its Katahdin Avenue paper mill and creating several hundred jobs, Cate Street Capital has purchased for more than $20 million the North American rights to the technology to manufacture biocoal, officials said Thursday.
Rotawave Biocoal has signed a $20m (£12.7m) deal with Cate Street Capital, a US investment company, to manufacture the technology exclusively and market it in North America and Canada.
Idled for months, one of the two Great Northern Paper mills is once again sending puffs of steam from its smokestacks, signaling it's back in operation.
Cate Street Capital’s $275 million project (in Berlin, New Hampshire) will bring to the region an estimated $40 million in annual wages, fuel procurement and purchased goods.
About 250 workers have resumed making paper at Great Northern Paper Co.'s East Millinocket mill during the past few weeks. The sale of the long-shuttered Katahdin paper mills in Millinocket and East Millinocket to Cate Street Capital of Portsmouth, N.H., was completed in late September.
The company will build the power plant on the Androscoggin River, on the former site of the Fraser Papers pulp mill.
A New Hampshire-based investment group is ready to reopen a pair of idled paper mills and revive the Great Northern Paper Co. name that the mills held during their glory days, officials said Thursday.
BERLIN – Cate Street Capital has finalized its financing for the Berlin Station biomass plant, paving the way for construction to get underway this week.