Cellufuel will be doing research and development, with plans to create a diesel biofuel demonstration plant with construction starting next Spring. The company hopes to produce around 1 million litres of biofuel through this process, employing five to 10 people.
If the demonstration proves successful, they could expand to full-scale production, employing 30-35 people.
The province is investing $500,000 into the company to help them create the plant.
Emera, parent company to Nova Scotia Power, will also be a tenant in the plant. They are taking over Brooklyn Energy, a biomass plant, as well as committing $1 million over five years to invest on the site.
Brooklyn Energy will continue to employ 20 to 25 people.
The site will be administrated by crown corporation Innovacorp.