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‘Slow start’ not diluted Canadian wood pellet project

Canada-based Viridis Energy (VE) believes its Scotia Atlantic Biomass plant will begin wood pellet shipments this autumn.

VE anticipates the plant will be fully staffed and ramped up production could deliver 25,000 tonnes to European markets by September.

‘We are ramping up production slower than anticipated due to some delays relating to industry subsidies in the UK,’ VE CFO Michele Rebiere was quoted as saying. ‘But the exciting long-term market outlook for Nova Scotia wood pellets in European markets more than compensates for the slow start.’

The Scotia Atlantic Biomass facility has production capacity of up to 10,000 tonnes a month so expects to ship once a quarter per year.