Mohegan Holding Company Forms New Division, Mohegan Renewable Energy

Acquires new plant to increase export capacity

Mohegan Holding Company, a subsidiary of the Mohegan Tribe, announced today that they have created a new division, Mohegan Renewable Energy, to export biomass energy sources to global markets.

Due to significant growth in output, Mohegan Renewable Energy has recently acquired a 100,000-tons per year manufacturing plant in Crossville, Alabama which, along with their Jasper, Tennessee plant, will ship more than 180,000 tons of wood pellets domestically and internationally to major utilities each year.  Combined, this increase in production will add over 50 new employees in the coming months.

Mohegan Holding Company’s Northeast Wood Products subdivision will continue to operate plants in Peebles, Ohio and in Ligonier, Indiana.

“Mohegan Renewable Energy is poised to grow the renewable energy business and further penetrate the global markets,” said Mark Boivin, President and CEO of Mohegan Renewable Energy. “We recognize the importance of looking beyond wood pellets and have assembled a knowledgeable and experienced team that understands how to build resilient supply chains for the markets both in Europe and Asia.”

“The Mohegan Tribe has long been about more than just gaming,” said Kevin Brown “Red Eagle”, Chairman of the Mohegan Tribe and of the Mohegan Holding Company Management Board. “As we continue to expand in all of our diversification efforts, our commitment to growing our Mohegan Holding Company and Mohegan Renewable Energy business is unwavering, and this recent acquisition is a critical step in securing a successful and predictable future through long-term international business arrangements.”

ABOUT MOHEGAN HOLDING COMPANY

Mohegan Holding Company, LLC was created by the Mohegan Tribe for business diversification in non-gaming areas, and currently includes interests in franchise restaurants, sustainable energy resources and manufacturing, and office digital solutions. The Mohegan Tribe was founded on the banks of southeastern Connecticut’s Thames River by Chief Uncas in the early 17th century. After its federal recognition in 1994, the Tribe opened the world-class casino resort Mohegan Sun on its reservation land in Uncasville, CT in 1996.  The nine-member Tribal Council serves as the leadership for the sovereign nation, and also serves as the Board of Directors for Mohegan Gaming & Entertainment (MGE) in regard to the Tribe’s gaming properties and interests.

ABOUT MOHEGAN RENEWABLE ENERGY

Mohegan Renewable Energy, LLC (MRE) was formed in 2018 by Mohegan Holding Company, a business diversification entity of the Mohegan Tribe. MRE provides wood pellets and other biomass products to the global markets and operates plants in Alabama, Indiana, Ohio and Tennessee. MRE’s core abilities include decades of experience in operations and marketing, and the financial strength and clarity of vision necessary for organizational success, domestically and internationally.

 

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By |2018-08-20T20:48:31+00:00August 20th, 2018|News|0 Comments