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Greenwood Management and Verdant Energy Solutions negotiate feedstock deal
18/02/2009
We are pleased to reveal advanced negotiations with US-based Verdant Energy Solutions over a deal to provide eucalyptus feedstock for its new Bio-Coal project.
The deal is to provide secondary feedstock to several Bio-Coal production facilities being planned by Verdant Energy Solutions in Brazil. The plant will be located in biomass-rich regions of the country, where we have extensive plantations and facilities.
In the modern world, we are all aware that we cannot continue to use fossil fuels at current rates. Bio-Coal has become a viable alternative that can be co-fired with coal. Using Bio-Coal fuel, which burns cleanly, countries can meet ambitious CO2 emission reduction plans. This is because Bio-Coals cost-effectively work in synergy with existing energy infrastructure, proving a real and immediate solution for CO2 reduction.
Verdant Energy Solutions will gather the majority of its feedstock through self-operated sites. However, if the deal is finalized, Greenwood Management will become a secondary supplier.
Verdant will use 100% renewable feedstock in order to ensure the production of Bio-Coal is fully sustainable and that the end product is renewable, unlike traditional fossil fuels.
Verdant Energy Solutions is a relatively new company run by the former director of alternative fuel efforts at Mirant Energy Trading, Chris Pollatos.
The deal is to provide secondary feedstock to several Bio-Coal production facilities being planned by Verdant Energy Solutions in Brazil. The plant will be located in biomass-rich regions of the country, where we have extensive plantations and facilities.
In the modern world, we are all aware that we cannot continue to use fossil fuels at current rates. Bio-Coal has become a viable alternative that can be co-fired with coal. Using Bio-Coal fuel, which burns cleanly, countries can meet ambitious CO2 emission reduction plans. This is because Bio-Coals cost-effectively work in synergy with existing energy infrastructure, proving a real and immediate solution for CO2 reduction.
Verdant Energy Solutions will gather the majority of its feedstock through self-operated sites. However, if the deal is finalized, Greenwood Management will become a secondary supplier.
Verdant will use 100% renewable feedstock in order to ensure the production of Bio-Coal is fully sustainable and that the end product is renewable, unlike traditional fossil fuels.
Verdant Energy Solutions is a relatively new company run by the former director of alternative fuel efforts at Mirant Energy Trading, Chris Pollatos.
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