CRE signs agreement for Idaho wood pellet plant
In Idaho, Centennial Renewable Energy of Idaho (CRE) has signed agreements to purchase land for its first wood pellet project in the state, a 160,000 metric tonne per year plant. Having completed extensive due diligence CRE’s funding advisor CHP Ventures has secured development funds to take the project to financial close. Roger Willmott of CHP said “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. We have found that there is no shortage of investment funding only a shortage of well-developed and presented projects”
CRE is beginning to engineer the design of the plant with Dome Technology. The company expects to be providing pellets to market in 2017.
Category: Fuels
