Confluence Energy acquires additional capacity
Confluence Energy of Kremmling, Colo., has acquired certain assets of Walden, Colo.-based Rocky Mountain Pellet. The acquisition will nearly double the current 100,000 ton production capacity of Confluence Energy.
Both facilities began operations in 2008 and have sourced beetle-killed wood as feedstock. Confluence Energy has a 10-year feedstock materials contract with the U.S. Forest Service, which was announced in December.
The acquisition includes one building, 90 acres of land, and all the fixed and mobile assets. With the completion of the transaction, Confluence Energy gains facilities housing four pellet presses with an annual capacity of 120,000 tons. Minor modifications are being made to the facility. It is expected to be fully operational by midyear.