|Paper & Fertilizer Facility Coming to Chesterfield County – Will Provide $50M per Year Economic Benefit to Virginia Farmers|
Governor Terry McAuliffe announced today that Shandong Tranlin Paper Co., Ltd., a leading Chinese pulp and paper company will invest $2 billion over five years to establish its first U.S. advanced manufacturing operation in Chesterfield County. The new manufacturing facility in the paper and fertilizer sectors will be located on an 850-acre campus in the James River Industrial Center. Virginia successfully competed against several other states for the project, which will create 2,000 new jobs by 2020.
“Tranlin represents a tremendous opportunity for Virginia’s corn and small grain producers by creating a lucrative new market for agricultural residuals that are typically left in the field. Based on the agricultural supply chain opportunities associated with the project, the economic benefit to farmers in this region alone could exceed $50 million per year once the project is complete and operating at full capacity. I look forward to working with Tranlin as they begin to procure needed agricultural products from our growers, to help them succeed and continue to expand their investment in Virginia,” said Virginia Secretary of Agriculture & Forestry, Todd Haymore.
Based on analysis performed by the U.S. Department of Agriculture, the Virginia Department of Agriculture and Consumer Services, and Virginia Tech Cooperative Extension, the economic benefits of this operation will be felt throughout the agriculture sector, from new demand for agricultural equipment, to new direct and indirect agricultural jobs. In addition, this project will help preserve farmland by providing farmers a new opportunity to derive additional economic return from their land and equipment, creating positive economic pressure to maintain it in farming use.
The harvest of straw in the spring and corn stalks in the fall for use by Tranlin will be two new cash crops for Virginia producers, in addition to other fibrous products from the surrounding area. From an environmental standpoint, the harvest of these agricultural residuals is compatible with the Chesapeake Bay-friendly no-till crop production practices these producers are already using. In addition, Tranlin prides itself on a process that leads to an environmentally friendly effluent, resulting in the discharge of quality, clean water.
VGPA commends Tranlin for their decision to operate in Virginia, and we look forward to a great working relationship between Virginia’s agricultural producers and the new facility.