Viridis Energy's subsidiary, Scotia Atlantic Biomass Company, has renewed its distribution agreement with Ekman & Co AB for an additional three-year period. Ekman has served as Scotia Atlantic’s worldwide agent, to arrange short-term and multi-year offtake agreements for its industrial wood pellet production, with European power generators that co-fire with wood pellets or have fully converted to biomass. The renewal agreement provides for volume discounts on commissions and fees and expanded volumes in Nova Scotia.

Biofuel

Scotia Atlantic Biomass Company renews distribution agreement with Ekman

Dec 24, 2014. /Lesprom Network/. Viridis Energy's subsidiary, Scotia Atlantic Biomass Company, has renewed its distribution agreement with Ekman & Co AB for an additional three-year period, as the company said in the press release received by Lesprom Network.

Ekman has served as Scotia Atlantic’s worldwide agent, to arrange short-term and multi-year offtake agreements for its industrial wood pellet production, with European power generators that co-fire with wood pellets or have fully converted to biomass. The renewal agreement provides for volume discounts on commissions and fees and expanded volumes in Nova Scotia.

Viridis Energy’s CEO, Christopher Robertson stated, “Over the past 18 months, Viridis and Ekman & Co. have worked well together, developing a strong alliance. We intend to continue this positive relationship as Scotia Atlantic plans its expansion in 2015.”

Scotia Atlantic, with a 120,000 metric ton production capacity per year, remains one of the largest wood pellet manufacturers in Canada and has recently reached 90,000 metric tons per year production.

“Despite some setbacks at Scotia Atlantic earlier this year, recent improvements in its operational efficiencies and growth in Viridis Merchants’ activity have created a solid foundation for a strong year in 2015 for Viridis Energy,” Mr. Robertson added.

Viridis Energy is a publicly traded, “Cleantech” manufacturer and distributor renewable energy providing wood waste biomass fuel to global residential and industrial markets.