THEODORE - The Mobile Chamber and Industrial Development Authority are announcing that Core Industries has entered into an agreement with CM Biomass, one of the largest independent wood pellet trading companies in the world, to construct a cutting-edge processing and storage facility.
As part of the agreement, Core Industries will receive, store and load wood pellets for shipment. To accommodate this collaboration, Core Industries will invest $8.75 million in the construction of two warehouses, each spanning 57,600 square feet, at their existing location on Claudia Lane in Theodore, Alabama.
“We are very pleased that CM Biomass selected Core Industries to handle its wood pellets. This deal with CM Biomass is an example of Core’s diversity and build-to-suit capabilities. That and our close proximity to Interstates 10 and 65 and the Gulf of Mexico, make Core Industries a logical choice for cargo handling and logistical services. We are grateful to the Mobile Chamber for its support to help make this business opportunity possible and look forward to a long partnership with CM Biomass,” said Michael Myles, principal owner, Core Industries.
This project creates 28 new jobs over the next five years.
“This new agreement not only showcases Mobile’s growing stature in the distribution and logistics industry but also highlights the importance of strategic partnerships in driving progress,” said Mobile Chamber President and CEO Bradley Byrne. “The investment of $8.8 million and the creation of 28 new jobs reflect our commitment to fostering innovation and propelling the Mobile area forward.”
Core Industries is one of the largest privately held port facilities in the Southeast and boasts impressive capabilities to handle multiple vessels simultaneously, with a depth of 40 feet and two docking facilities.
“Core Industries’ construction of an almost $9-million state-of-the-art processing and storage facility and the creation of 28 new jobs will help strengthen our local economy and aid the global distribution of a high-demand renewable energy product. This partnership and investment underscore Mobile County’s maritime capacity and growing logistics industry reputation,” said Mobile County Commission President Randall Dueitt.
“We are always excited to see new jobs coming to the Mobile area and companies continuing to grow their operations locally,” Mobile Mayor Sandy Stimpson said. “Core Industries is a leader in maritime and logistical services, and this latest agreement with CM Biomass is another example of companies seeing Mobile’s potential as an unrivaled logistics hub.”
CM Biomass has a production facility in Jackson, Alabama, and recently acquired a pellet mill in Washington County. This new processing facility at Core’s existing location in Theodore will allow the company to enhance the distribution and logistics capabilities for these operations.
“Core Industries’ investment project will not only add good-paying jobs at its existing site in Theodore but also support the operations of nearby CM Biomass, providing a mutual benefit,” said Alabama Commerce Secretary Greg Canfield. “It’s always great to see a company with roots in Alabama decide to launch an expansion — it’s a reflection of success.”
About Core Industries:
Core Industries is one of the largest, privately held port facilities in the Southeast. With a depth of 40 feet and two docking facilities with a length capacity of 1,300 feet and 1,700 feet, we are equipped to handle multiple vessels simultaneously up to Panamax Class. The port is located on the Theodore Ship Channel, a federally maintained deep-water ship channel extending off the west bank of the Mobile Ship Channel in Alabama and in close proximity to the Gulf of Mexico. This combined with our wealth of experience in cargo management and our portfolio of equipment gives us the flexibility to accommodate a wide range of cargo needs. We have the ability to receive, load, offload and store bulk and break-bulk cargo as well as project cargo including plant and energy equipment. We have a deep understanding of the management of vessels, receiving and storing materials, and engineering heavy-lift and transport solutions for specialized cargo and vessels. We’ve handled materials including scrap steel, iron ore, construction aggregates, fertilizers, perlite, pipe, steel coils, forest products, umbilical reels, containers and much more.