Wood Energy expanding to new site
Written by William C. Vantuono, Editor-in-ChiefWood Energy Group, a crosstie reclamation company, has announced plans to expand and relocate to a 10-acre site at Louisiana & Northwest Railroad’s Iron Bridge Road new transload facility in Gibsland, La. Wood Energy is a subsidiary of short line holding company Patriot Rail Corp.
In 2010, Wood Energy reclaimed more than 1.5 million ties from Class I railroads. Under a recent agreement with Kansas City Southern and Union Pacific, the company expects to reclaim 2 million ties in 2012. The ties are ground and sold for energy co-generation.
“Being based at the transload facility gives us numerous advantages that will improve customer service,” said Wood Energy President Greg Smith. He said the facility will feature new, high-productivity grinding equipment. The company expects to relocate before year’s end from its current three-acre site in Shreveport, La.
The new transload facility, which opened in October, is part of a $3.3 million investment by Patriot Rail.
