A company created to create biocarbon from wood fiber to replace coal in producing metals is setting up shop in Magnolia with a $100 million investment.
TerraForge Biocarbon Solutions is a joint venture between Aymium, a biocarbon and biohydrogen product manufacturer, and Weyerhaeuser, the largest integrated forestry and wood products manufacturer in the United States. The company was formed to produce and sell 1.5 million tons of a metallurgical biocarbon product that can substitute for coal and coke in metallurgical processing.
Metallurgical processing refers to the refining of metals and the manufacturing of alloys of different metals. The project includes constructing a new manufacturing facility that will house two biocarbon processors to transform wood fiber through a combustion-free, low-emissions process into metallurgical-grade biocarbon as a drop-in replacement for coal in iron, steel, silicon, ferro-alloys, and other metals production.
The state is assisting with this project monetarily through the Mississippi Flexible Tax Incentive program. The Mississippi Development Authority is also aiding with infrastructure improvements. Officials in Pike County have agreed to assist with the project.
TerraForge Biocarbon Solutions expects to complete the project and fill the jobs by sometime in 2027.