RWE Innogy want to sell the 750 000 t/y Georgia Biomass pellet production plant
RWE Innogy want to sell the 750 000 t/y Georgia Biomass pellet production plant

For sale: Georgia Biomass 750 000 t/y Pellet plant 

According to Argus  Biomass Market June 4 issue, German utility RWE notified the investment community that 100pc of its 750,000t/yr Georgia Biomass plant was officially for sale.  Tentative timelines on a sale were unannounced, but RWE is looking for one buyer to take the whole stake.

The plant, located in Waycross, Georgia, started operation in April 2011 and is the largest, most modern facility of its kind in the world. It has created over 80 jobs locally, over 300 indirect jobs, and is a major source of sustainable renewable power generation in Europe.

Georgia Biomass, recently reached an important milestone by receiving the European Pellet Council ENplus A1 certification. This recognition signifies the capability of the plant to produce pellets to the most stringent requirements as set by the European residential market.The certification enables the company to fortify its position in the commercial and residential heating markets in several European countries including Italy, Germany and Denmark, in which the company currently is doing business.

The majority of the wood pellets continue to be sold into the export industrial market via the port of Savannah. Therefore, critical to Georgia Biomass’s long term success is securing off-take agreements with European utilities. The company 2013 signed competitively priced supply contracts with different companies for up to 660,000 metric tons per year, including two large volume contracts through 2019 with Drax Group plc., a major UK energy company, and RWE Supply and Trading GmbH, a leading European energy trading house. Integral to these long- term agreements is the requirement that Georgia Biomass demonstrates and maintains its commitment to the highest sustainability standards as mandated by European customers. Exemplifying this commitment is the achievement of certifications from the Sustainable Forestry initiative and the Forest Stewardship Council, along with several others.

About Georgia Biomass

Georgia Biomass, LLC is a wholly owned subsidiary of RWE Innogy formed in 2010 as RWE’s commitment to biomass as a large part of the sustainable energy future. Georgia Biomass is operating the world’s largest wood pellet plant and is located in Waycross with headquarters in Savannah. The company’s focus and mission is to create a more renewable energy future by delivering the highest quality pellets under the most sustainable criteria.

About RWE

RWE is one of Europe’s five leading electricity and gas companies. It is active in the generation, trading, transmission and supply of electricity and gas. Around 70,000 employees supply over 16 million electricity customers and nearly eight million gas customers with energy. RWE Innogy pools the renewable energy expertise and power plants of the RWE Group. The company plans, builds and operates facilities generating power from renewable energies.