Renewable energy company creating 30 jobs in Raleigh
Expansion represents corporate investment of more than $12.5 million
Alden Group Renewable Energy is opening a new facility in Smith County. The project is a $12.535 million investment that will create 30 new jobs.
“I’m proud to welcome Alden Group Renewable Energy as Mississippi’s newest corporate partner. The company’s investment in Raleigh will bring 30 good job opportunities to the citizens of Smith County. This project is another win for our state and will further strengthen Mississippi’s growing economy, said Gov. Tate Reeves.
Alden Group works with area poultry processors to transform waste products into a dry matter that is then sold to refineries to make biodiesel. Alden Group’s strategic new Smith County location will put the company closer to its suppliers.
“After considering multiple locations for Alden Group’s next facility, we made the decision to invest in Raleigh, Mississippi, and the greater Smith County region. We are pleased to provide new jobs to the area and will build our workforce by leveraging the diverse talent in Smith County. We are extremely grateful for the support we have received from MDA, alongside the support from the Mid-Mississippi Development Authority and the Raleigh mayor’s office, which has been instrumental to the successful construction of the new facility, ” said Alden Group President Richard Thayer.
The Mississippi Development Authority is providing assistance for road improvements. Smith County also is assisting with the project.
Alden Group began construction on the facility in the fall of 2022. The company plans to fill the 30 jobs incrementally during the ramp-up of the facility, which is expected to be at full operation by the end of 2024.
