Georgia torrefied pellet producer to ship samples to Europe
Georgia-based torrefied pellet developer, Vega Biofuels, has announced plans to ship samples to European power companies for testing by the end of January. The company first announced its plans to ship torrefied pellets to Europe in March. In May, the company leased a 90,000 square foot manufacturing facility in Cordele, Ga., to produce the pellets from wood waste. The company has signed a contract with a local timber company for the wood waste feedstock, and a European utilities broker for the eventual sale of the torrefied wood products. The production facility is located next to the Cordele Inland Port.
“The first step in marketing our product is to allow clients to do laboratory testing,” according to Michael Molen, chairman and CEO of the company. “We are now able to provide the necessary samples of our product to perspective clients for testing. This is a huge step for our company,” Molen said of his company that has roughly 3,000 shareholders.
According to the company, the manufacturing facility will feature three production lines in the first year, but could use up to as many as nine production lines by the second year. Hunt, Guillot & Associates will provide Vega Biofuels engineering and procurement services for the project.