BIOMASA FOREST

GREENALIA PURCHASES A MAJOR SHARE OF THE LARGEST PELLET MANUFACTURING PLANT OF SPAIN

Last July 24, by through an increase of capital, GREENALIA acquired a representative stake in the company Biomasa Forestal, located in As Pontes and dedicated to the production of pellets, up to reach 14.4% of the capital share. By this operation, Biomasa Forestal will carry out investments to increase its production aimed mainly to the international market.

GREENALIA, besides participating as a shareholder of this pellet producer, is the main raw material supplier of the factory by through its subsidiary Greenalia Forest.

Biomasa Forestal is the largest pellet factory in Spain, with a production capacity of 75,000 tonnes / year, producing bulk pellets for the national and international markets, as well as bagged pellets for domestic consumption. It holds the main quality certifications, such as the ENplus, DINplus and Galicia Calidade seals, as well as the traceability and sustainability accreditations SBP, SBL and PEFC.

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More about Biomasa Forestal:

http://www.bioforestal.es