RusForest announces long-term contract for pellet sales

RusForest AB, a Swedish forestry company with operations in Russia, has signed a long-term contract for pellet sales from the company’s LDK-3 wood pellet mill in Arkhangelsk.

RusForest has entered into a sales contract for 60,000 tons of pellets, a majority of the company’s annual pellet production. The pellets will be sold through one of the leading trading houses focused on bioenergy and are expected to be used as fuel in various European coal-fired power plants. The sales agreement will be complemented by spot market sales of the company’s pellets.

Matti Lehtipuu, the company’s Group CEO, commented, “We are very pleased to partner with a leading player in the European wood pellet business. This sales contract gives us access to the key consumers of industrial pellets in Europe and helps us build a track record as a reliable pellet supplier to the European market.”