Cate Street to benefit from tax credit boost

A plan to manufacture a new type of wood-derived fuel in Millinocket got a boost with Gov. Paul LePage's signing of the supplemental budget. The budget increases the amount of tax credits Cate Street Capital can receive for the energy project to $40 million.
Cate Street Capital, which bought the former Katahdin Paper Co. mills in northern Maine, plans to develop a $35 million torrefied wood manufacturing facility at the idled paper mill. The budg ...