Florida-based Garb Oil & Power enters asset purchase agreement, with plans to use equipment--including 40,000-sq.-ft. warehouse, process equipment--to make wood pellets from lumber mill scraps, yard waste; targeted initial production of 200,000 tons/year
June 2, 2014
(Industry Intelligence Inc.)
– Florida-based Garb Oil & Power Corp. has entered into an asset purchase agreement, with plans to use the equipment--which includes a 40,000-square-foot (sq. ft.) warehouse and process equipment--to make wood pellets from lumber mill scraps and yard waste, Biomass Magazine reported on May 28.
The purchase is expected to conclude in mid-summer of this year.
The company has an initial target production of 200,000 tons of wood pellets per year, said Garb Oil & Power President and CEO Tammy Taylor. The pellets would be intended for use as an alternative energy feedstock or for use in the farm and agricultural sector.
The purchase includes all of the equipment left behind from a similar plant that remained in operation until late 2013, Taylor added, noting that the company still needed to purchase a dryer and pelletizer.
The site will also generate excess electricity, with more details on this portion of the project to be made available later, Taylor said.
The primary source of this article is Biomass Magazine, Grand Forks, North Dakota, on May 28, 2014. Click here to see the original article.