December 16, 2014
Portucel plans to enter wood pellet business
Portucel S.A informs that it will develop the construction of a wood pellet manufacturing facility in the United States, in South Carolina, with an installed capacity of 460 thousand tons per year, totalling an estimated investment of USD 110 million (approximately € 89 million at the current exchange rate). The construction of the mill will start in 2015 and is expected to be completed in the third quarter of 2016. Portucel has negotiated supply contracts with fixed price and tenure of 10 years, guaranteeing the sale of around 70% of the new facility ́s output.  ...
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