Former Democratic boss Terry McAuliffe wants to buy International Paper plant for green jobs

Terry McAuliffe, the former Democratic National Committee chairman and unsuccessful 2009 candidate for the Virginia governorship, is bidding with Memphis-based International Paper Corp. to buy a paper factory and turn it into a wood-fired power plant. This comes from the Washington Examiner via the Richmond Times-Dispatch.

IP plans to close the mill this year, throwing about 1,100 people out of work. McAuliffe hopes to create hundreds of green jobs, a point of emphasis in his bid last year for governor.

It was not immediately clear how many jobs the McAuliffe-led offer might generate. However, there was speculation it could ultimately produce about 1,000 jobs -- not just at the plant, but in related areas, such as harvesting trees as fuel.

Further, such a plant could link up with the power grid, perhaps selling electricity to Virginia's vast information-technology industry.

"I am interested in moving (the state) forward in green power ... to preserve and create jobs," said McAuliffe, who also is the head of an electric-car company that is considering building a factory in Virginia.


For more news about green jobs, sustainable living and more, check out Going Green, a new section of the digital edition of The Commercial Appeal. You can explore Going Green -- and the rest of the e-Appeal -- at no charge through the end of April. After that, the digital edition will be available for free to subscribers to the paper editions, or for just $10 a month for online-only access.

UPDATE: Anita Kumar of The Washington Post has more on this story. McAuliffe would be eligible for job-creation tax credits available under the administration of new Republican Gov. Bob McConnell.

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