Viridis Energy Inc. announced that its subsidiary, Scotia Atlantic Biomass Company Limited (“Scotia”) has been awarded a Capital Investment Incentive of up to C$517,520 (the “Incentive”) by the Government of Nova Scotia. Initial proceeds from the Incentive will be used for the purchase new capital equipment to improve production facilities at Scotia’s plant. Additional proceeds from the Incentive will be drawn over the next several months.

Wood pellets

Viridis Energy to upgrade Scotia Atlantic Biomass operational facilities

Apr 26, 2014. /Lesprom Network/. Viridis Energy Inc. announced that its subsidiary, Scotia Atlantic Biomass Company Limited (“Scotia”) has been awarded a Capital Investment Incentive of up to C$517,520 (the “Incentive”) by the Government of Nova Scotia. Initial proceeds from the Incentive will be used for the purchase new capital equipment to improve production facilities at Scotia’s plant. Additional proceeds from the Incentive will be drawn over the next several months, as the company said in the press release received by Lesprom Network.

The Incentive will be used specifically to purchase a Truck Dumper with a 6,200 cubic foot hopper and an Intalogix weigh scale designed to improve the unloading of fiber, increase the types of trucks and sources that can be utilized, and importantly increase the amount of fiber delivered per truck load by up to 40%.

In addition, Viridis will purchase a Destoner to improve the quality of material through the process, enhancing the Scotia plant’s productivity and output quality while ensuring less downtime.

Commenting on the incentive award, Christopher Robertson, Viridis’ CEO, said, “Since restarting operations late last year in our Scotia plant, we have been implementing process efficiencies that should support full production by the second half of 2014. Considering the growing demand for wood pellets in Europe combined with Nova Scotia’s access to transatlantic ports, we are committed to developing our Scotia operations into a key component of Nova Scotia’s economy.”

Viridis Energy Inc. is a publicly traded, "Cleantech" alternative energy company specializing in the agricultural and wood waste biomass.