Recycling company Madera Fuels to invest $ 4.8 million and create 30 full-time jobs in Vicksburg – The Vicksburg Post

The Vicksburg Warren Economic Development Partnership today announced that recycling company Madera Fuels is establishing materials collection and processing operations in Vicksburg. The project represents a corporate investment of $ 4.859 million and will create 30 jobs.

Madera Fuels will be located on Levee St.

Madera Fuels converts non-recyclable waste into reusable fuel. The company’s Vicksburg facility, which includes 300,000 square feet of warehouse space, will consolidate, sort / separate, mix and recycle various commercial wastes to produce a cohesive thermal feedstock. Madera Fuels will shred and bale the mixed raw materials for sale to third party buyers. The company expects to receive approximately 50,000 tonnes per year of various non-hazardous industrial waste products or materials that would otherwise be sent to landfills. The processed and sorted raw materials will be converted mainly into base fuel and other recyclable materials.

The Mississippi Development Authority provides assistance for infrastructure improvements. MDA has also certified Madera Fuels for the Advantage Jobs Rebate program, which is available to qualifying businesses that create new jobs in excess of the average annual salary for the state or county in which the business is locating or expanding. Entergy Mississippi is also participating in the project.

Madera Fuels plans to fill the 30 new positions over the next three years. Governor Tate Reeves celebrated Madera’s arrival in Vicksburg and the state.

“While Mississippi remains steadfast in its efforts to recruit traditional economic development projects, our economic development team is also focused on creating jobs in industries of tomorrow, like renewable energy, which have enormous potential for to be an economic powerhouse in the state, ”Reeves said. “Madera Fuels’ new facility, which converts non-recyclable materials into reusable fuel, will help Mississippi provide good jobs in these growing fields for the people of our great state. “

“Mississippi has hosted a number of economic development gains for the state so far this year, and the announcement that Madera Fuels is creating 30 new jobs by opening recycling operations in Vicksburg continues this upward trend.” , said Laura Hipp, interim executive director of MDA. “The MDA team and our partners at the Warren County Harbor Commission and Entergy have worked hard to ensure this successful project for our state, and their dedication to building a stronger economy through community development. and economical is once again profitable for the people of Mississippi. . “

“I have developed projects in many states, as well as overseas,” said Paul Morgan, President and CEO of Madera Fuels. “Our experience in Mississippi while Madera Fuels was developing our investment has been exemplary. Mississippi has an efficient and dedicated team of economic professionals who have always assisted Madera Fuels in various important matters. The Mississippi Development Authority and the Vicksburg-Warren County Economic Development Partnership, working with state and city leaders, have successfully created a good business environment in Mississippi. Madera’s positive experience in the state demonstrates the commitment of these officials who will attract additional private investment to Mississippi.

Warren County Board Chairman Dr Jeffrey Holland and Vicksburg Mayor George Flaggs Jr. also commented on the announcement.

“Madera Fuels has made an exceptional investment in partnering with our community,” said Holland. “It will be a pleasure to work with this excellent company to capitalize on these investments for the future.

“We are delighted to welcome and support Madera Fuels as they open their operations in our city,” Flaggs said. “Their vision for the company and its business model will create a number of positive impacts for our community and our state, including well-paying jobs, local and state taxes, reduced pollution and the reuse of previously real estate. abandoned. It’s a totally win-win situation.

“We are excited to be working with Madera Fuels as their business grows in Vicksburg,” said Ed Gardner, director of economic development for Entergy Mississippi. “Entergy, along with our local economic development partners, strives to provide an enabling business environment in which our clients can succeed and grow for the benefit of the entire region. “


Source link

Comments are closed.