Do North, Forestry Accelerator, Ecostrat and the BDO Zone Initiative have issued an investment grade BDO Zone ‘A’ Rating for Caledonia County, Vermont.
Caledonia County’s BDO Zone rating for 726,000 bone dry tons per year of woody biomass is the first rating in the State of Vermont and extends a 75-mile drive distance from the centrepoint in Lyndonville, VT.
Caledonia County's 'A' rating denotes high prospective viability of Feedstock Supply and Infrastructure and low expectations of default risk in the Zone.
Capacity to support new biobased plant operations is considered strong.
The region features large amounts of biomass due to the closure of biomass power plants and pulp mills. Forestry remains a strong industry in the BDO Zone with efficient, well-established supply chains for commercial quantities of pulpwood, sawmill residues, and forest residues.
“The 'A' rating underscores our region’s potential to support emerging and growing businesses in the bioeconomy,” stated Jared Reynolds, director of the Forestry Accelerator.
“We eagerly anticipate collaborating with bioenergy, biochemical, and bioproduct companies to foster the expansion and diversification of bio-based and agricultural resources, propelling Caledonia County towards the forefront of bio-based industrial manufacturing."
Jordan Solomon, chairman of the BDO Zone Initiative, added: “Caledonia County's thriving forestry sector, combined with the abundant availability of project-ready wood fibre, positions this BDO Zone as a key player in attracting biobased projects.
"This region is well-equipped to support biobased economic growth, fostering job creation and revitalising the local economy, especially in light of the opportunities presented by the closure of former biomass power plants and sawmills.”
Caledonia County recognised for investment-grade woody biomass
