The Augusta Economic Development Authority announced Monday that a biofuel company will build a terminal near Augusta Regional Airport.
Eco-Energy Inc., headquartered in Franklin, Tenn., will spend $10 million and hire five people for its ethanol blending center on Dixon Airline Road.
Walter Sprouse, the authority’s executive director, said the company picked the location for the railroad access, planning to build a spur on the property across from Bennett Building Systems.
“Eco-Energy is one of those solid companies with more than two dozen facilities in North America with access to over 600 terminals. The Augusta facility will redistribute biofuel to blending operations to meet government required fuel blends,” said Augusta Economic Development Authority Chairman Henry Ingram.
Sprouse said the company might double its employment there after the facility is running. The company has not announced a construction timeline.
Eco-Energy is 20 years old and operates as an integrated biofuel supply chain company focused on the marketing, trading, transportation, and distribution of biofuels. It has eight other facilities in Georgia.
The development authority said Eco-Energy handles 9 percent of the U.S. ethanol market.