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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What’s Next?
As I look at my little boys I often think about what’s next for them; how can I set them up for success? Is playing ball their future? Am I doing right by forcing them to eat zoodles? In my personal life, in the daily grind, it is easy to see how fast (and slow) time moves. I know one day I will no longer be my kids’ taxi service and will be ugly crying at their high school graduations. But that’s expected: the natural order of time marching on.
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