GPA and Logistec Partner to Upgrade East River Terminal

The Georgia Ports Authority and Logistec USA, Inc. signed an agreement today to modernize the East River Terminal at the Port of Brunswick and facilitate the growing international market for wood pellets. Logistec, a marine and environmental services provider, will invest $5 million to expand the biofuel export market in Georgia and increase capacity for handling a broad range of general and bulk cargo. The East River Terminal will be significantly upgraded in the first phase of this expanded partnership to handle up to one million tons of wood pellets and chips annually.

East River Terminal in Brunswick is within close proximity of customers' manufacturing facilities in the heart of Georgia's timber land. Pellets are easily and competitively transported to the terminal and stored before Logistec loads the cargo into vessels bound for biomass power plant utility companies in the United Kingdom, Scandinavia and elsewhere within the European Union.

The project will begin in September 2011 and is scheduled to be completed in January 2012. It will include deepening three berths to 36 feet at mean low water and significant investment upgrading the docks and handling facility.