London-based EDF Trading acquires 120,000 tonnes/year pellet plant in Germany near Polish border, its first for the production of biomass pellets in Europe
January 23, 2012
– EDF Trading, a wholly-owned subsidiary of EDF S.A., has successfully acquired its first plant for the production of biomass pellets in Europe. It has acquired 100% of Holzkontor und Pelletierwerk Schwedt GmBH (HPS), a pellet plant situated in Germany close to the Polish border with a nominal production capacity of 120,000 t/y.
“EDF is a significant consumer of biomass in Europe and this is a great addition to our asset portfolio which will enable us to provide the EDF Group and third parties with biomass directly”, said John Rittenhouse, Chief Executive at EDF Trading.
“This acquisition provides a solid foundation for our biomass business in a perfect location at the Polish/German border. It will also enable us to consider further upstream opportunities”, said François Joubert, Global Head of Environmental Products.
EDF Trading sources and ships biomass materials worldwide. It has an established and diverse network of supply sources, freight and logistical capabilities. It is the exclusive supplier of solid biomass to EDF Energy in the UK and to EDF Polska in Poland via EDF Group company Energokrak. It also supplies biomass to third party customers globally.
For further information, please contact:
Michele Reid, Head of Communications
Tel: +44 (0) 20 7061 4232
About EDF Trading
EDF Trading is a leader in the international wholesale energy markets. It has its own portfolio of assets which give it the ability to source, supply, transport, store, blend and convert physical commodities around the world. These capabilities enable EDF Trading to deliver essential asset optimisation services, risk management and wholesale market access to the EDF Group and its third party customers, helping them to realise the value inherent in their asset portfolios.
EDF Trading is one of the largest participants in the global power, gas, coal, freight and environmental products markets. It is one of the top buyers of carbon credits from global CDM projects and has one of the most mature portfolios in the market. It is the largest importer of coal into Europe, a pioneer in the biomass market, a recognised leader in weather derivatives, one of the largest providers of market services to the wholesale gas and power sectors in North America with 18,000 MW of generation under management and the leading electricity trader in Europe.
EDF Trading is a 100% owned subsidiary of EDF, Europe’s leading electricity producer, a major player in renewable energies, a significant participant in the worldwide revival of nuclear energy with a growing presence in the natural gas industry.