Company planning to purchase Jay paper mill hopes to close on the deal by Dec. 31

SUN JOURNAL • October 6, 2023

JGT2 Redevelopment LLC, which plans to buy the defunct Pixelle Specialty Solutions paper mill on Riley Road, its properties and the 1,000 acres it sits on, is hoping to close on the property by the end of the year. The pulp and paper mill formally ceased operations in March. The remaining industrial equipment is being decommissioned. The cogeneration facility is idled but remains operational. There are no current plans to continue manufacturing paper at the mill. JGT2 Redevelopment plans to redevelop the mill and cogeneration facility to other industrial uses. It proposes to restart the cogeneration plant to produce power to sell to the grid while redeveloping the properties associated with the former mill.