The Portucel Group will invest around EUR 89 million in the construction of a pellet plant in the United States. The announcement was made official on Monday by Pedro Queiroz Pereira group, adding that the plant dedicated to this type of fuel (pellets are small pieces of wood, made from compressed sawdust) should be completed in the third quarter 2016 .
“This factory is an attractive investment opportunity for the group, so you can leverage your experience in forestry processing and industrial processes, entering the promising area of bioenergy,” explains Portucel, stressing that this is “a renewable alternative sustainable use of fossil fuels. “
The unit, which will be built in South Carolina, will have an installed capacity of 460 thousand tons, benefit, the company says,” very favorable conditions in terms of matter raw forest and energy, having already negotiated supply contracts with fixed price for a period of ten years and guaranteed, first, the sale of 70% of its production. ”
At the same time, Portucel also put forward that the World Bank through the International Finance Corporation (IFC), will be left with 20% of Portucel Mozambique. This investment, “an early stage”, will reach 30 million, the company said. “This agreement is still subject to completion of customary conditions in this type of operations, wanted should be completed in the next three months,” stresses the Portucel.
group investment in Mozambique involves in the long run, the construction of a pulp mill, besides energy production, a vertical design which involves planting already underway, in eucalyptus 40,000 hectares in Manica and Zambezia.
No comments:
Post a Comment