Mar 23 2010
Green Energy Resources Inc. has won a 1-year, $27 million contract to supply high-powered woodchips to Germany from Texas for renewable energy. With over 16,000 BTUs of heat, the woodchips comprise more BTUs than majority of grades of coal and without emissions of carbon dioxide. An internationally approved scientific agency has tested and verified the woodchips’ heating value.
With a significant heat value, the woodchips have low moisture (25% average) and low ash content (2%). The woodchips have exhibited 20,000 BTUs in some of the tests. Since 2005, Green Energy Resources has aimed to capture 20% of European wood biomass import market share and its new woodchips reaffirms its objectives.
The wood biomass market in Europe is growing at a stupendous rate every year and has become a multi-billion dollar industry including wood pellets used for co-firing. In 2008, the company made the first announcement about the woodchips and by 2010 second quarter, the shipments are anticipated to begin.
As a result of the new woodchips, Green Energy Resources is planning to provide employment to five to ten people in 2010 in Texas. Till date, the reception in Europe has been positive. As power generators in Europe become more aware of the woodchips and its energy capacity, the sales are expected to show an uptrend in 2010. The wood, being a fast growing species, has a positive impact on the environment.
Source: http://www.greenenergyresources.com/