VMI launched its Okanagan Pellet Douglas Fir brand of premium pellets in early 2013 with an initial two rail cars in rotation. VMI has steadily increased sales to the dealer and distribution network, and now has between 25 and 30 rail ars in rotation.
VMI has exclusive rights to this brand and supply in the US northeast. The contract is expected to produce between 14,000 to 18,000 tons for the year 2015 and is expected to renew in 2016.
“The Okanagan Douglas fir pellets are a superior quality in the heating market and retail for 15 to 20% more than premium pellets. We are pleased with the additional volume this contract has provided as we were unable to fulfill all the demand last year,” said Christopher Robertson, CEO.
This contract follows the renewal of another Viridis Merchants contract, extending it to March 2016, with a contract value of C$35 million ($2.7 million).
Viridis Energy Inc. is a publicly traded, "Cleantech" manufacturer and distributor of renewable energy providing wood waste biomass fuel to global residential and industrial markets.
