The Shandon Tranlin Paper Company has announced a 2 billion dollar investment in Chesterfield County that will create 2,000 new jobs. The Chinese owned pulp and paper company says their proprietary technology is revolutionary for it’s exclusive use of environmentally sustainable agricultural field waste including wheat straw and corn stalks to produce tree-free, non chlorine bleached 100 percent straw paper products.
Governor Terry McAuliffe used 5 million dollars in economic incentives to leverage the deal, which he says is the largest Chinese develop project in Virginia history.
Jerry Peng chairman and CEO of the Tranlin Corporation, says they use their residual byproduct from paper manufacturing, known as black liquor to make, hummus based organic fertilizer.
Todd Haymore, Virginia Secretary of Agriculture and Forestry, says the cornstalks and straw material are underutilized.
The Chesterfield facility will be Tranlin’s first such manufacturing plant in the U.S.