ReEnergy Acquires C&D Processing Facility in Maine

ReEnergy Acquires C&D Processing Facility in Maine

KTI Bio Fuels Inc. is a Casella Waste subsidiary.

August 13, 2013
CDR Staff

ReEnergy Holdings LLC, which owns and operates facilities that use forest-derived woody biomass and other wood waste residues to produce renewable energy, has acquired KTI Bio Fuels Inc.’s construction and demolition processing facility in Lewiston, Maine. KTI is a subsidiary of Casella Waste Systems. ReEnergy, a portfolio company of Riverstone Holdings LLC, is headquartered in Albany, N.Y.

The newly acquired Maine facility has accepted and processed non-hazardous C&D waste for more than two decades. Through both mechanical and manual sorting, the facility recovers material that can be used as fuel at biomass-to-energy facilities. ReEnergy expects to use its in-house processing experience and technology to recover additional wood from the processing streams, reducing landfilled volumes and increasing wood fuel production.

“We are pleased to complete the acquisition of the KTI facility in Lewiston,” says Larry Richardson, ReEnergy’s CEO. “This acquisition allows us to maximize efficiencies and regional synergies and reflects our strategy to continue building a vertically integrated renewable energy company. The KTI facility will increase ReEnergy’s presence in the C&D processing and recycling market in New England, and will enhance our ability to convert a significant percentage of the recovered wood into high-quality fuel that will be used to generate renewable energy.”
ReEnergy presently operates nine renewable energy generation facilities in Maine, New York, Connecticut and North Carolina, and three construction and demolition material processing facilities that service the eastern New England/Boston metropolitan area marketplace: ReEnergy Gateway/LL&S in Salem, NH; ReEnergy Gateway/ERRCO in Epping, NH; and ReEnergy Roxbury in Boston.

Additionally, ReEnergy has a presence in Maine through its ownership of four biomass-to-energy facilities in the state: ReEnergy Stratton [48 megawatts (MW)]; ReEnergy Livermore Falls (39 MW); ReEnergy Fort Fairfield (37 MW) and ReEnergy Ashland (39 MW).

Exclusive of this acquisition, ReEnergy owns 325 MW of installed renewable energy generation capacity and processes for recycling more than 500,000 tons per year of construction and demolition material. ReEnergy operates in six states and employs approximately 290 people.