Biomass Secure Power ramps up wood pellet capacity
Canada-based wood pellet producer Biomass Secure Power has outlined its three-year growth plan.
The company currently has five wood pellet production plants under development, which will manufacture a total 3.5 million tonnes of wood pellets a year.
The first plant is slated to come online in 2012, with a further two to be ready for commissioning in 2013. The remaining two will be operational in 2014.
However, Biomass Secure aims to manufacture 5 million tonnes of wood pellets by Q4 2015 and is therefore planning more production factories to meet this target.
The company is ramping up its capacity in response to the increasing demand for biomass pellets. It anticipates this market to reach 110 million tonnes annually by 2020.