SaraRasa signs wood pellet off-take agreement

By SaraRasa Bioindo | December 02, 2015

Dovre Group Plc’s associate SaraRasa Bioindo has signed an off-take agreement with CellMark Energy. Specialized in renewable energy production and logistics, CellMark Energy is part of Swedish CellMark AB. According to the agreement, Cellmark Energy will purchase a majority portion of the wood pellets produced by SaraRasa. The end users of the pellets are in South Korea and Japan. The value of the agreement is minimum $1.5 million.

“This agreement is an important milestone for SaraRasa,” comments Ilari Koskelo, chairman of SaraRasa’s board of directors. “With both raw material supply and our long term off-take agreement now secured, we can focus on optimizing the production line and increasing the production capacity.”