Scandinavian input into new Lithuanian pellet facility
Norwegian investment company Byggleverandørene has added a wood pellets plant to its portfolio in Lithuania.
The Biowood Nordic plant cost LTL 4 million (€1.1 million) to construct via almost LTL 2 million of EU and government aid received under the scheme supporting migration of farming companies towards non-farming activities.
‘It is a new plant, built from scratch in Mazeikiai in northern Lithuania, and we have a capacity for 20,000 tonnes per year although it is currently operating at around 70% due to some start-up glitches,’ Morten Kroslid, head of Byggleverandørene, was quoted as saying.
Biowood Nordic is near to three Baltic ports through which it ships the pellets.
‘We would like to export to Scandinavia as much as possible because prices are much better there than in Lithuania but currently the export level is at 60%, which also includes Italy,’ Kroslid adds.