We reported Tuesday that the PDA Ok'ed a new lease for Procter and Gamble that could help them cut waste, and allowing the company to have another tenant.
The combined heat and power biomass facility at the Albany Procter & Gamble Paper Products Co. was touted as a boon for the local economy by strengthening existing industries, protecting jobs and positioning Albany as a premier location for renewable energy projects.
The utility scale biomass plant would be one of the largest in Georgia and represents up to $230 million of investment by Albany Green Energy, LLC. The potential project, which is being driven by Procter & Gamble, Constellation New Energy and Sterling Energy Assets, would create 25 to 35 full--time jobs and an average of 190 construction jobs across 21 months with a peak of 575 jobs, and create nearly $8 million in tax revenue over the two-decade deal.
"Today the development authority has taken an important step toward realizing such an innovative, important and unique project for Procter & Gamble and for Albany, who have a 30-year shared history," said Jeff "Bodine" Sinyard, chair of the Albany-Dougherty Payroll Development Authority.
"This project would strengthen the Albany facility within the Procter & Gamble structure, create jobs and business opportunities for Albany and Southwest Georgia, and through future collaboration, potentially benefit Marine Corps Logistics Base--Albany, another key employer and economic driver."
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