FERNANDINA BEACH, Fla. – A new manufacturing facility coming to Fernandina Beach will create 50 jobs in Nassau County, Gov. Rick Scott announced Friday.
Borregaard ASA (and Rayonier Advanced Materials Inc. have chosen Fernandina Beach as the location of their new venture, LignoTech Florida.
The new operation will provide environmentally friendly alternatives to oil-based products used in construction, agriculture and other industrial applications.
“Borregaard ASA and Rayonier Advanced Materials Inc. are global companies that could have selected any other state to invest in, but they ultimately chose Florida thanks to our hard work to cut taxes and build a business-friendly environment,” Scott said.
The facility will be housed at RYAM’s Fernandina Beach site. Construction for the project is expected to begin shortly with operations beginning approximately 18 months after the commencement of construction.
“We’re excited to move forward with this new business to produce environmentally friendly alternatives to many fossil-fuel based products,” Rayonier chairman, president and CEO Paul Boynton said. “Our partnership with Borregaard will create over 50 high-paying jobs and contribute more than $28 million annually to Northeast Florida’s economy. LignoTech Florida creates value for the stockholders of Borregaard and Rayonier Advanced Materials and is great for our community and Fernandina plant."
Partners in the expansion include Enterprise Florida, Florida Department of Economic Opportunity, and Nassau County Economic Development Board.