Verso Paper, a producer of coated papers, has launched a $40m renewable energy project at its Bucksport, Maine mill through the replacement of coal with biomass in the #8 Boiler and installing a new 25MW turbine generator.

The Bucksport Mill will see a 43% increase in thermal energy production from renewable biomass used in the project, which will generate additional green power – equivalent to the amount needed to supply electricity to 30,000 Maine households.

Verso has partnered with people and organizations at the local, federal and state levels for the project, the funding for which includes a grant from Efficiency Maine, an independent trust that invests in cost-effective alternative energy projects to improve Maine’s business environment.

The company plans to begin construction on the Bucksport Renewable Energy Project before the end of the year as part of its commitment to reduce energy intensity by 25% in ten years and produce green power in a sustainable way.

Verso president and CEO Mike Jackson said that this project represents what Verso stands for when it comes to its position as a green energy company and as a leader in environmental stewardship.