Next generation of pellets
Arbaflame, owned by Norwegian investment company Pemco, has pioneered what it describes as the ‘next generation of wood pellets’. The company has spent 10 years and invested around NOK 550 million (€52.6 million) in developing a patented technology to enable the production of black pellets derived from bio-waste, called ArbaCore.
ArbaCore pellets can fully replace coal in coal-fired power plants globally. When replacing coal with ArbaCore, CO2 emissions can be reduced by up to 90%. Therefore, ArbaCore enables the long-term use of coal-fired power plants with minimal CO2 emissions in a quick and cost-efficient switch from coal to a greener fuel source.
Under its growth strategy, Arbaflame planned to build, own, and operate the first ArbaCore production plant(s) in its initial market penetration phase. In the second stage, it will seek partners in the global market to co-own ArbaCore production facilities.
In line with its strategy,...