OOO Baltic Forest Company (OOO BFC), wood processing company from Kaliningrad, and Finnish company Torrec Oy have signed a contract on the construction of a new bio-coal production plant in the Kaliningrad region.
The design capacity of the plant will be 30.000 t/a and the total investment value will be around 4 M€.
Torrec Oy has been developing its own torrefaction technology in Mikkeli, Central Finland, in co-operation with the local development company Miktech Oy, Etelä-Savon Energia Oy and the Finnish development fund Tekes. For Torrec Oy this contract means a remarkable opening to Russian market, where the advantageous raw material availability provides excellent opportunities for profitable production.
With the new production plant, also Helsingin Energia (Helen Oy) will have the opportunity to increase its use of renewable fuels, since TW pellets can be mixed with fossil coal up to 50 % without new investments at the power station.
OOO BFC is the leading wood processing company in the Kaliningrad region. This investment can substantially increase the added value of its production in a sustainable manner, while also giving new opportunities for further growth.
For more information please contact:
Director, marketing and sales
0500 710 457