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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Georgia Forestry Firm Expands In U.S. And U.K.
F&W Forestry Services, Inc., one of the oldest and largest forest management and consulting firms in the U.S., announced recently that it has acquired London-based O.C.S. Group Ltd.’s forestry and land subsidiaries. The acquisition includes three companies with...
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