After failing to strike a deal with Rentech in 2014, Botwood may be on the verge of striking a new deal to bring life back to the town's waterfront.
A verbal agreement has been reached between the Town of Botwood and an unnamed partner, or partners, to bring major industry back to the shipping town.
Botwood Mayor Scott Sceviour confirmed the agreement to CBC earlier this week, but would not say who the town was dealing with.
The venture would include a sawmill and biofuel plant and utilize the town's waterfront.
While the scale of the operation and number of potential jobs is unknown, the mayor indicated it could change the scenery of a town that has been reeling since the departure of AbitibiBowater in 2009.