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Alabama Pellets Joint Venture Interest

Sector: Forest Products and Packaging • Location: Demopolis and Aliceville, Alabama, USA

Source: Financial Conduct Authority (FCA)

AssetPrivate

Acquisition of 20% minority interest in Alabama Pellets, LLC, which owns the Demopolis and Aliceville pellet plants in Alabama, USA. The acquisition increases Drax Group's interest to 90%, providing economic control over approximately 130,000 tonnes of biomass production capacity per annum. Aliceville was commissioned in 2018 and Demopolis is expected to be commissioned in 2021. Combined nameplate

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The project “Alabama Pellets Joint Venture Interest” is an infrastructure initiative in the Forest Products and Packaging sector, located in Demopolis and Aliceville, Alabama, USA. Taiyo aggregates data on it from Financial Conduct Authority (FCA).

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Description

Description

Acquisition of 20% minority interest in Alabama Pellets, LLC, which owns the Demopolis and Aliceville pellet plants in Alabama, USA. The acquisition increases Drax Group's interest to 90%, providing economic control over approximately 130,000 tonnes of biomass production capacity per annum. Aliceville was commissioned in 2018 and Demopolis is expected to be commissioned in 2021. Combined nameplate production capacity of the two plants is 660,000 tonnes per annum.

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