Viridis Energy’s merchant subsidiary announces first European supply agreement

Market: Biofuel
June 19, 2015
Jun 20, 2015. /Lesprom Network/. Viridis Energy Inc., announced that its wholly owned subsidiary, Viridis Merchants Inc., (VMI) an aggregation and trading business, has secured a European supply agreement for up to 20,000 MTs of ENplus certified premium wood pellets per year. 

VMI intends to distribute to the residential heating market throughout the UK and Europe. The agreement marks VMI’s first European supply and is expected to generate over Euro 4 million per year.

The supply of certified pellets is marketed under the new Okanagan™ Nordics brand, which is the fourth brand in the Okanagan wood pellet family. VMI has already begun distributing the new brand to the residential heating market in the U.K. and plans to distribute to Italy and other European countries.

“This contract marks the expansion of Viridis Merchants into Europe, where we intend to replicate the successful business model that we have executed in North America,” said Christopher Robertson, CEO.

ENplus is the certification identification for solid biomass fuels in Europe. The standard for wood pellets (EN 14961-2) includes a strict quality of A1 and A2 wood pellets.

Viridis Energy is a manufacturer and distributor of renewable energy providing wood pellet biomass to global residential and industrial markets.



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