New Biomass Energy acquires majority interest in Mississippi Torrefaction Plant

New Biomass Energy is an industry leader in the production of torrefied biomass, an innovative renewable energy source that integrates seamlessly into existing coal-fired systems, enabling power plants to generate clean energy with low capital investment and short conversion time. Initial production at the Quitman plant will supply 2000 - 3000 t of torrefied wood for a test burn at Portland General Electric's plant in Boardman, Oregon later this fall.

New Biomass Energy is looking for opportunities to expand the business with a current focus on development in the US. The company is also exploring additional uses for the torrefied material in alternative markets such as composite materials and agriculture.

"Our top priority is bringing the material to market in the US. Torrefied pellets offer an extremely compelling renewable energy solution for existing coal-fired facilities looking to reduce their CO₂ emissions," said Neal Smaler, President of New Biomass Energy. "We also look forward to working with interested partners on the alternative uses of the material, which offer substantial potential for growth."

Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/06102016/new-biomass-energy-acquires-majority-interest-in-mississippi-torrefaction-plant/