‘Tight discussions’ on finance for proposed pellet plant
The ASX-listed company behind a biomass project needs more than $300m to develop a plant at Kawerau.
Torrefied wood pellets have high energy density and can be stored in moist environments.
The cash-strapped company proposing a fast-track wood pellet plant at Kawerau is in “tight discussions” with potential financiers, says its business development manager Dean Ormrod.
ASX-listed Foresta said this week it had signed a non-binding term sheet with Genesis for the supply of torrefied
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