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Home » Corporate Responsibility » Economic Impact


ECONOMIC IMPACT




BIOENERGY WIELDS A VARIETY OF POSITIVE BENEFITS

Bioenergy is generated locally with local forest or agricultural residue, making
use of a natural resource that would be left to decay or sent to a landfill.
This creates revenue streams for local loggers, mills and farms, creating
economic benefit to local businesses and reducing a region’s reliance on
imported fossil fuels.

ReEnergy directly employs about 100 people, but the economic impact of bioenergy
extends far beyond direct employment

Of all renewable energy choices, bioenergy offers the greatest long-term
employment and positive rural economic impact. For example, as a rule of thumb,
each 1 megawatt (MW) of biomass power supports between three and seven full-time
jobs; one job in the facility and the remainder in the community. Based on this
calculation, ReEnergy’s energy facilities support more than 1,000 families.

In addition, ReEnergy’s payments of sales tax and property taxes – and payments
in lieu of taxes, in some cases – contribute to a number of rural
municipalities, making a significant difference in their ability to provide
services to their citizens.



ALL TOLD, THE TOTAL ECONOMIC IMPACT OF REENERGY’S FACILITIES EXCEEDS $60 MILLION
IN DIRECT EXPENSES, WITH MILLIONS MORE IN INDIRECT IMPACT.

SUPPORTING FORESTRY INDUSTRY PARTNERS

ReEnergy is committed to supporting the forestry industry in and around its
facilities, and operates an innovative program that assists loggers in acquiring
state-of-the-art equipment while providing fuel to ReEnergy’s biomass-to-energy
facilities. Through this program, ReEnergy purchases state-of-the-art wood
chippers and negotiates contracts with loggers who wish to procure a chipper and
supply fuel to ReEnergy facilities. The loggers pay for the chippers during the
course of the contract while supplying fuel, and ownership of the chipper
transfers to the logger at the end of the agreement.




ReEnergy generates biobased energy through advanced technology and residual
feedstocks, supporting rural economies and advancing a resilient and sustainable
environment.

Contact Us →



ABOUT

Our Company
Bioenergy & Its Benefits
Our Team



PROJECTS

ReEnergy Black River
ReEnergy Livermore Falls
ReEnergy Stratton
Albany Green Energy



ASSET MANAGEMENT

Asset Management


© 2023 ReEnergy

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