Graanul Invest subsidiary plans pellet plant in Latvia
Sia Broceni Pellets, a subsidiary of Estonia-based forestry company Graanul Invest, has acquired 16 hectares of land in Latvia on which it will build a wood pellet plant.
The facility will be able to produce around 150,000 tonnes a year of pellets when it comes online in the beginning of 2016.
The company has already secured long-term supply contracts for the raw materials for the plant.
This will be Graanul's Invest group's eighth wood pellet factory.
SOURCE: Graanul Invest