Core Partnership Includes $8.75-Million Investment

Core Industries of Theodore has entered into an agreement with CM Biomass, one of the largest independent wood pellet trading companies in the world, to construct a modern processing and storage facility. As part of the agreement, Core will receive, store and load wood pellets for shipment. To accommodate this collaboration, Core will invest $8.75 million in the construction of two warehouses, each spanning 57,600 ft2, at its existing location on Claudia Lane. This project is to create 28 new jobs over the next five years. Copenhagen, Denmark-based CM Biomass has a production facility in Jackson, Alabama, and recently acquired a pellet mill in Washington County. The new processing facility at Core’s existing location in Theodore is to allow the company to enhance the distribution and logistics capabilities for these operations.