Zacks Investment Research
RYAM Strengthens Jesup Operations With Altamaha Green Energy Project
Rayonier Advanced Materials (RYAM) announced a partnership with Albioma and the Beasley Group to construct the Altamaha Green Energy project, a 70-megawatt biomass cogeneration facility adjacent to its Jesup, Georgia manufacturing facility. RYAM will retain a 14% equity interest with an option to increase to 16%, and expects $8-10 million in annual distributions once operations begin in 2029. The project is projected to save RYAM $30 million in future capital expenditures while improving environmental performance and reliability.
