Pellets News

RusForest, a Swedish forestry company with operations in Russia, has sold its subsidiary, Ystad Pellets. Ystad Pellets owns a non-core wood pellet mill that has been idle for several years in Ystad, Sweden. RusForest expects to receive a total net amount of $600,000 (€446,500 million) in cash from the transaction. It has already received $200,000 of this amount from the buyer. Payment of the…
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PHI Group, a company focused on energy and natural resources, is to establish wood pellet factories in central and southern Vietnam after signing a memorandum of understanding with two Vietnamese wood processing companies. The initial proposed combined capacities for the joint venture wood pellet plants are around 400,000 tonnes a year. PHI says it intends to own a minimum of 51% equity interest…
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Waycross-headquartered E-Pellets has acquired the formerly shuttered Louisiana Pacific OSB mill in Athens, Georgia for $13 million (€9.6 million), with plans to convert it into a wood pellet production plant. It is estimated that the new plant will manufacture around 450,000 tonnes of wood pellets a year. These pellets would be exported to the European Union for use as a coal alternative in…
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