The Philadelphia Inquirer reports that Renmatix, a Georgia company that makes fuel from wood and other plant material, is planning to move north to King of Prussia.
A more important incentive than money for relocating to the Philadelphia area was the workforce, said (CEO Mike) Hamilton, who lives near Wayne.
"We have a wealth of material-science talent and depth here in the region, which was attractive to us. We want to tap into that and attract a number of people to come and work with us," he said, citing the presence of DuPont Co., Dow Chemical, FMC Corp., and Arkema Inc.
Another attraction was Pennsylvania's hardwoods, which have the state in the running for Renmatix's first commercial plant, a $100 million facility whose location will likely be announced early next year, Hamilton said.
Original source: The Philadelphia Inquirer
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