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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South Carolina Forestry Industry Has Plenty Of Room For Growth
The forestry sector in South Carolina has an annual economic impact of $18.6 billion, employs more than 90,000 people, is the largest harvested crop at $759 million and is the No. 1 export commodity from the Port of Charleston at $1.5 billion. And yet, there remains...
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