Albioma

RYAM starts construction on 70 MW biomass plant at Jesup mill

Rayonier Advanced Materials (RYAM) has begun construction of Altamaha Green Energy, a 70 MW biomass cogeneration plant next to its high-purity cellulose mill in Jesup, Georgia, in partnership with Albioma and the Beasley Group. RYAM will hold an initial 14% equity stake, with an option to raise it to 16%, and expects USD 8m-10m in annual distributions once the plant starts commercial operations in 2029. The project will supply process steam to the Jesup mill and sell power to Georgia Power, letting RYAM avoid roughly USD 30m of future capital spending on ageing utility assets.

Why this mattersA capital-light energy partnership lets RYAM modernise critical mill infrastructure and cut future capex without diluting its own balance sheet.

• Construction has started on Altamaha Green Energy, a 70 MW biomass cogeneration plant next to RYAM's Jesup, Georgia mill
• RYAM will hold an initial 14% equity interest, with an option to raise this to 16%
• RYAM expects USD 8m-10m in annual distributions once the plant is operational
• Project expected to help RYAM avoid approximately USD 30m in future capital expenditure on legacy utility assets
• Commercial operations are expected to begin in 2029
• Developed with Albioma and the Beasley Group, with a long-term power purchase agreement with Georgia Power

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