February 2015, Enerpellets
Enerpellets announces $60M investment in the United States of America
Enerpellets Group took the decision to internationalize its biomass pellets production activity by building a state-of-the-art unit in Florida with a real production output capacity of 250,000 tons per year.
The decision was preceded by a period of analysis and evaluation of this opportunity, which was supported by the vast know-how acquired with the two plants in operation that Enerpellets Group holds in Portugal and overlooking the fast growing global pellets market.
The United States feature relevant comparative advantage comparing to other geographies, such as the availability of raw materials, cost of electricity and the excellent rail and port infrastructure.
The total investment amounts to $ 60M. The engineering of the unit follows the highest technological standards, in line with the two units held in Portugal, and benefits from the existing know-how.
The investment will be carried out in Hamilton County, Northern Florida, where the Group felt a huge support from the local community and from the State of Florida. This support was decisive for the economic viability of the investment.