Tag Archives: alternative
Viridis Energy’s Scotia Atlantic Biomass Commences Wood Pellet Production
Sep 04, 2013 (ACCESSWIRE via COMTEX) — Vancouver, BC – September 4, 2013 – Viridis Energy Inc. (“Viridis” or the “Company”) CA:VRD -7.69% , a “Cleantech” manufacturer and distributor of renewable energy providing biomass fuel to global residential and industrial markets, announced today that it has commenced production of wood pellets at its wholly owned subsidiary, Scotia Atlantic Biomass Company, Ltd. (“Scotia”), located in Middle Musquodoboit, Nova Scotia, with its first shipment of 25,000 sold for delivery in December. The Company began production on three of its five pellet presses in late August and expects to be running all five presses by the end of September. The Scotia facility’s current annual capacity of 120,000 tons, brings Viridis’ total production capacity to 180,000 tons. The Company recently announced that it entered into an agreement with Ekman & Co AB (“Ekman”), one of the world’s oldest trading houses and wholesalers of forest products, to market Scotia’s entire 240,000 ton wood pellet production over a two-year period as its exclusive agent. Ekman’s operations span 100 countries through 40 offices, including Europe where most of Scotia’s production will be sold to utilities and industrial consumers of wood pellets. “Our Scotia Atlantic facility is located near excellent shipping ports on the Atlantic Ocean, making it strategic to addressing the growing demand for renewable energy sources in Europe”, said Christopher Robertson, Viridis’ chief executive officer. “We are delighted with the quality of pellets produced at Scotia. As demand for wood pellets continues to grow dramatically and unique marketing opportunities similar to our Ekman arrangement surface, we will look for means to aggregate product offering through production expansion, as well as wholesale sources.” ———————————– |Company Contact: A Michele |A|A| |Rebiere Chief Financial | | | |Officer Viridis Energy Inc | | | |905-847-5226 | | | |investorinfo@viridisenergy.ca| | | ———————————– About Viridis Energy Inc. Viridis Energy Inc. CA:VRD -7.69% is a publicly traded, “Cleantech” alternative energy company specializing in the agricultural and wood waste biomass. Located in Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing, Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing the company with vertical integration for distribution and manufacturing as well as coast to coast national presence. For more information on Viridis Energy Inc. please refer to the company website at www.viridisenergy.ca. Forward-looking Statements Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s future operations. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause our actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a continued downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties associated with the demand for biofuels, (3) the risk that the Company does not execute its business plan, (4) inability to finance operations and growth (5) inability to finance the start-up operations in Nova Scotia in a timely manner (6) inability to retain key management and employees, (7) an increase in the number of competitors with larger resources, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company intends to update such forward looking information in the Company’s MD&A in the event that actual results differ materially from such forward-looking statements contained herein. Additional information about these and other assumptions, risks and uncertainties are set out in the “Risks and Uncertainties” section in the Company’s MD&A filed with Canadian securities regulators. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. http://www.accesswire.com/img.ashx?id=407465 Continue reading
Report: 160 Commercial Advanced Biofuel Plants Under Development
Taylor Scott International News Taylor Scott International Taylor Scott International, Taylor Scott Continue reading
DECC Doubles Down on Woody Biomass
By Tim Portz | September 03, 2013 On August 22, 2013 the United Kingdom’s Department of Energy & Climate Change released its much anticipated report, “Government Response to the consultation on proposals to enhance the sustainability criteria for the use of biomass feedstocks under the Renewables Obligation (RO)”. The title is certainly a mouthful, but after a few readings of the 52 page document it is clear the DECC intended the report to be its final word on the role that woody biomass would be allowed to play in meeting the nation’s ambitious Renewables Obligation. In a letter included in the annex of the report was a letter signed by a host of biomass industry professionals that asks DECC to not only firmly establish its support for biomass, but to buttress this support with some measure of long term certainty. The ministers at DECC clearly headed this advice and included in their report a commitment to “long term certainty” that deal makers and the investment community were advocating for. Specifically, on page 8 the report states, “ We have also decided to adopt a policy that the UK will no make further unilateral changes in the methodology underpinning the GHG targets or to other aspects of the RO sustainability criteria before 1 April 2027 ”. And so the DECC has spoken. The report establishes that woody biomass will play a significant role in the UK’s Bioenergy Strategy moving forward, but not without robust assurances of adherence to sustainability guidelines. While North American pellet producers, foresters and landowners were certainly aware of, and comfortable that they could achieve sustainability requirements the UK would set forth, the unresolved question hinged on the degree to which this adherence would be verified and reported. While the report establishes that final sustainability criteria will not be announced until the end of the year, so that they may be harmonized with the criteria being established by the European Commission, the report also establishes that once finalized, power producers would be “required to demonstrate that solid biomass and biogas feedstocks meet the sustainability criteria in order to be eligible for support under the RO”. Essentially, if power producers going to participate in the Renewables Obligation and generate Renewable Energy Credits, audits, verification and reporting must become a part of their supply chain program, beginning April 15 2015. By answering this one question, the DECC report introduces many others. Clearly, the finalized criterion that the report suggests will be issued at the end of the year is the biggest question for producers and their supply chains, but that isn’t the only one. As North American pellet producers continue to grow their exports and satisfy UK based demand, creating a chain of custody reporting program that their customers will need will have to become an extension of their production operation. Forest certification, while not widespread in the United States, does have a precedent. Both the Forest Stewardship Council (FSC)and the Sustainable Forestry Initiative (SFI) have established certification programs and are certifying forest acres that later become paper and lumber products, all bearing proof of their certified status. This latest report from DECC confirms that the growth in the export market for North American producers will continue and along with it an industry wide reporting and verification program. Continue reading
