Natural Fuels to take equity stake in Thai biomass pellet factory

in Thailand, Natural Fuels Industries announced that it will acquire a 20 percent stake in the MAP Ta PHUT biomass fuel pellet facility under construction and planned for operations in the third quarter of 2009.

The plant will have a capacity of 500,000 tons of fuel pellets per year, from organic waste by products.

Free Subscription to the Daily Biofuels Digest e-newsletter

Related Stories

Thai sugar firm announces new processing plant in Laos; new ethanol joint venture with Thai Oil

In Laos, Mitr Phol will construct a new sugar processing facility, opening at the end of 2008, that will process 500,000 tonnes of cane and refine 60,000 tonnes of sugar. Crushing capacity will inc...

Biomass Secure Power, Lower Nicola Indian Band announce Canadian 15 MW power plant and pellet mill project

In Canada, Biomass Secure Power announced that it has signed a MOU with Lower Nicola Indian Band to build a 15 megawatt co-generation power plant and pellet mill. Naik Development will provide land an...

EllisDon releases lien on Terra Grain Fuels ethanol plant in Canada; takes 33 percent equity stake

In Canada, Terra Grain Fuels announced that it has completed a transaction set with EllisDon Design Build that will release the $41 million construction lien filed against the company's Belle Plaine e...

Wood pellet sales up 3300 percent in 2008 for Home Depot northern division; pellet backlog, manufacturers adding capacity frantically

In Michigan, wood pellet manufacturers are reporting brisk business with homeowners despite a 5.4 percent price increase this year. A local Michigan provider says that his back orders have reached 44 ...

MFC Energy Fund takes 25 percent stake in Thai biodiesel producer E-Ester

In Thailand, the MFC Energy Fund has invested $670,000 to acquire a 25% holding in the E-Ester, operator of a 4.8 Mgy palm oil biodiesel facility in Chiang Rai. The company plans to increase productio...

Natural Fuels Industries to operate Vega Biofuels, pursuing projects in Georgia, Indiana

In Montana, Vega Promotional Systems announced that it had dropped plans to operate its newly acquired Natural Fuels Industries unit as a subsidiary, and said that it would rename itself as Vega Biofu...