A company that makes wood pellet fuel for European markets plans to build a processing facility in Wilson County that will employ 32 people.

International WoodFuels will invest more than $60 million in Sims, about 40 miles east of Raleigh, over the next three years, according to an announcement by Gov. Bev Perdue's office.

The five-year-old company will qualify for a $100,000 One North Carolina Grant fund for the project.

Perdue's office did not provide salary details on the pellet processing jobs, but said the annual payroll will be more than $1.4 million. Dividing that total by 32 comes to about $44,000 a year on average.