Partnership between Cortus Energy and Mariposa Biomass Project ends
Swedish firm Cortus Energy has been a partner with the Mariposa Biomass Project regarding a plant for co-generation in Mariposa County, California, US since 2016.
Cortus said it is "not prepared to start the project now due to other more nearby opportunities", and so its participation in the Mariposa Biomass Project has been terminated.
However, the firm "will seek a new technical collaboration for the plant in Mariposa" and it made the assessment that external costs incurred "will be reimbursed by them and their new partners".
Cortus Energy commented it has "a number of business projects in the Nordics and the EU that are rapidly maturing, which is why this termination is not considered negative for the company."
Cortus said it is "not prepared to start the project now due to other more nearby opportunities", and so its participation in the Mariposa Biomass Project has been terminated.
However, the firm "will seek a new technical collaboration for the plant in Mariposa" and it made the assessment that external costs incurred "will be reimbursed by them and their new partners".
Cortus Energy commented it has "a number of business projects in the Nordics and the EU that are rapidly maturing, which is why this termination is not considered negative for the company."
