Employees at Biomass Energy LLC, a wood pellet manufacturing plant in Bumpass, arrived at work on Thursday morning to learn that they are out of a job – effective immediately.
The decision to shut down the plant, which employed 40 workers, was based on financial reasons, according to a company spokesman.
“Despite ramping up to industry-leading production throughput and quality levels in this operation, the business has proven to be unsustainable financially,” Scott Deakin, the company’s president and CEO said.
Louisa County officials were unaware of the company’s decision until Thursday morning. Andy Wade, the county’s economic development director, said that he knew that there were some environmental issues at the facility.
“It is unfortunate. I don’t know what their plans are for the future, whether they want to sell their equipment or if there’s another buyer,” he said. “That would be the best scenario, if they had a buyer, to keep the current employment.”
Biomass Energy bought the property, located on Fredericks Hall Rd., from Argonaut Biofuels in April, 2009. Other businesses which have operated on the site in the past include Chips and Tradewinds.