New Life For Texas Pellets
Estonia-based Graanul Invest affiliate Woodville Pellets, LLC submitted the winning bid in an auction conducted on May 9 for the assets of Texas Pellets, Inc. and German Pellets Texas, LLC (Texas Pellets). The assets include Texas Pellets’ Woodville, Tex. pellet manufacturing plant and its Port Arthur, Tex. port terminal. The transaction was approved by the U.S. Bankruptcy Court for the Eastern District of Texas after a hearing held on May 15. The estimated manufacturing capacity of the wood biomass pellet plant in Woodville is 450,000 metric tons of pellets per year. The Port Arthur terminal has a total storage capacity of 68,000 metric tons, and is capable of loading vessels up to approximately 60,000 metric tons.
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Conifex Timber Gets $130 Million To Restart Arkansas Sawmill
Conifex Timber Inc. of Vancouver said this week that it received a $130 million secured revolving credit facility to fund the modernization and restart of its sawmill in El Dorado. The company, whose lumber products are sold in the U.S., China, Japan and Canada, said...
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