EAST MILLINOCKET — A startup company plans to lease part of a former paper mill in northern Maine for a facility that converts wood into a product used by farmers.

The Portland company, Standard Biocarbon Corp., intends to perform the work at the former Great Northern Paper mill in East Millinocket.

The company signed a letter of intent with East Millinocket Industrials to occupy some 25,000 square feet of the former mill, the Bangor Daily News reported.

The mill was a major employer in northern Maine that closed in 2014. Standard Biocarbon would be the first new tenant to move into the site.

The company’s chief executive officer, Frederick Horton, said the company will use low-grade wood that is typically used for papermarking or power generation to make its product, which is called biocarbon. Biocarbon is sold as “biochar” and can be used in agriculture as compost.

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