GreenWorld announces its revenue plans for its first Woód Pellet Production plant in Laurinburg, North CarolinaI USA.
GreenWorld’s first US Wood Pellet Facility is based in Laurinburg NC. The plant’s current
capacity is 120,000 tons of wood pellets per year. With an additional investment of $5.5 million, the capacity will be increased to 240,000 tons per year, with resultant expected revenue of $40,320,000. The plant has rail access on site and is roughly 100 miles from the port of Wilmington, NC. These logistical benefits create additional value for GreenWorld’s
international export goals. The export output will be exported in bulk or as bagged product. GreenWorld will maintain the current domestic contracts of the facility.
GreenWorld is working with local and regional feedstock suppliers throughout the Southeast to provide contracts for the various types of Wood necessary to fulfil the domestic as well as international off take contracts. This blcnd of local and regional sales avoids any production lulls that may arise from the exclusive use of small feedstock providers.
European countries are gearing up to meet compulsory renewable energy demands of 20 per cent by 2020. To take advantage of this growing market, GreenWorld will be exporting its product to Europe where Subsidies have created an arbitrage opportunity for wood pellets economically produced in the rich wood basket ofthe South-eastem United States.
From company release