Viridas’ latest biomass partnership may take future revenues up to US$1bn

Biomass

29-07-10

Viridas is set to supply an unnamed UK energy generator  with 240,000tpa (tonnes per annum) of sustainable biomass for electricity generation. The company said that it now has potential revenues worth up to US$1bn over a ten year period.

The parties have signed a Strategic Development and Partnership agreement, which Viridas expects to lead to a sustainable biomass offtake deal. The company already has a major offtake agreement in place with INEOS – one of the world’s largest chemical and petroleum distillers - to supply 450,000 barrels of biooil.

Source: proactiveinvestors.co.uk/companies/news/19283/viridas-latest-biomass-partnership-may-take-future-revenues-up-to-us1bn-19283.html

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Category: Biomass, other than pellets