Port Tampa Bay Approves Lease to Celadon for Construction of Recycled Pulp Plant
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The Port Tampa Bay Board of Commissioners have approved an agreement with Celadon Development Corporation to lease 37 acres for the construction and operation of a paper fiber manufacturing plant. The plant will have significant economic and sustainability benefits generating up to 20,000 export containers per year (40,000 TEUs), creating approximately 100 jobs and involving a capital investment of $160 million during Phase One of the project.
The facility will receive and process mixed paper, corrugated cardboard and plastic products sourced in Florida to produce recycled pulp in sheets for export to Asia. Environmental and sustainability benefits include increased recycling, water reuse and reduction of greenhouse gases, saving over 1.8 million tons in carbon dioxide emissions.
Phase Two of the project will see the addition of a second production line that will double the plant's capacity, increasing the output to 40,000 export containers per year (80,000 TEUs), resulting in a total capital investment approaching $400 million.
The site which is on Port Tampa Bay's Hooker's Point property is located alongside the Port's container terminal which is also undergoing a significant phased expansion and is operated by Ports America under a long-term lease. The site is adjacent to the City of Tampa's wastewater treatment plant with plenty of capacity to accommodate the project's use of reclaimed water and wastewater needs.
"We are delighted to welcome Celadon to the Port Tampa Bay family," stated Paul Anderson, Port Tampa Bay President & CEO. "This project will have hundreds of millions of dollars in generational economic impact."
Raul Alfonso, Executive Vice President & Chief Commercial Officer for Port Tampa Bay, noted, "This project perfectly complements our container development strategy by generating export return loads heading back to Asia and filling containers which arrive with goods for retail and e-commerce distribution centers along the I-4 Corridor. With the Celadon manufacturing plant's location right next to our container terminal, we expect great synergies and supply chain cost savings."
Celadon Development Corporation LLC is a partnership between Nicollet Industries and Kamine Development Company, two leaders in green infrastructure and sustainable development.
