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Scotia Atlantic Biomass signs marketing agreement for pellets

Ekman, a forestry trading company, is now Scotia Atlantic Biomass' worldwide agent for the marketing of its entire wood pellet production after the two companies entered into an agreement.

Scotia Atlantic Biomass is a wholly-owned subsidiary of Canadian alternative energy company Viridis Energy. The agreement covers an initial period of 24 months and an aggregate projected wood pellet production of up to 240,000 tonnes.

Viridis Energy CEO Christopher Robertson comments: 'The reopening of the Scotia operations is a significant accomplishment towards achieving our goal of 1 million tonne capacity.'

Viridis acquired Scotia, which is one of Canada's largest wood pellet manufacturers, in 2012. The company is expected to begin production within the coming weeks following several months of refurbishments and calibrating operations.

Scotia is strategically placed to supply wood pellets to Europe due to its close proximity to shipping ports. Demand for renewable energy sources in Europe is fast growing.