Centennial Renewable Energy to build Idaho pellet plant

By Anna Simet | March 25, 2015

Centennial Renewable Energy of Idaho announced that is building a 160,000-metric-ton wood pellet plant in northern Idaho and recently signed agreements to purchase land for the project.

CRE has named its funding advisor as U.K.-based CHP Ventures, which has completed extensive due-diligence and secured development funds to take the project to financial close, according to a project press release.  “We have been working with CRE for many months on detailed project risk mitigation to ensure that when presented for funding this project, as with any other we advise on, is successful,” said Roger Willmott, director of CHP Ventures. “We have found that there is no shortage of investment funding only a shortage of well-developed and presented projects”

Dome Technology, which has a portfolio that includes construction of domes at large pellet operations in North America and Europe including Enviva’s deep-water port facility in Chesapeake, Virginia, Drax Power Station in North Yorkshire, England, and the Port of Quebec, has been selected as lead design-build contractor.

The pellet produced at the plant will meet the ENPlus A2 standard, according to CRE. The facility will primarily process sustainably sourced sawdust and wood shavings generated as part of the lumber production and mill residues. A large percentage of the production will be exported to Asia for use in power production, with the balance being made available for the home markets, according to CRE’s website.

Chris Pope of CHP Ventures said no construction date is set yet, but engineering work is set to begin in the coming week. “We will have more certainty when that is complete…we will be sending pellets to market in 2017.”