Renewable Biomass LLC (“RB”, “our company”, “the Company”) is US based company duly incorporated in the State of Georgia under Control Number: 18018410. The company has developed a technology to manufacture compressed wood pellets produced from sustainably managed working forests, supplying fuel used by Utilities, Power Stations to generate flexible, renewable power for homes and businesses. The wood pellet fuel manufactured by Renewable Biomass LLC are sold to Utilities and Biofuel Trading houses in UK, European Union zone and Asia under long-term off take contracts.
The company is developing a wood pellet production plant that will start producing 150,000 metric tons of name plate capacity in Q42019 and ramp-up production in 2020 to meet the growing demand for utility-grade wood pellets in UK/EU and Asia throughout 2035.
Primary customers are power generation companies/utilities and Biofuel trading houses in Europe and Asia. To service these customers, our production capacity is fully contracted through long-term off-take agreements of 5-7 years rollover (perpetual delivery).
Demand for wood pellets as a fuel for clean electricity production is growing as UK/European/Asian utilities phase out and convert their coal fired power plants to meet strict carbon and emissions reduction targets. Projected demand in Europe and Asia far exceeds identified supply with total global demand for utility-grade wood pellets to hit circa 85 Million Ton Per year by 2030, creating a total addressable market of US$ 13 Billion/Year
RB has identified a production site comprised of a 175 acres of prime industrial land located along the Interstate 75, on Fausett Rd, Adel, GA and has entered into negotiation to acquire the plot of land, under a 10-years long-term Lease and Purchase Option Agreement including Tax abatement incentive from the Cook County (“the County”), the City of Adel (the City”), the Adel Industrial Development Authority (“the Development Authority”), the Cook County Economic Development Commission(“the EDC”) and the Cook County Board Tax Assessors (“the Tax Assessors”).
The production plan include a Development Phase (Phase I) which will see the development of a Pellet Mill production facility with a name plate capacity of 150,000 Metric Tons per year with a delivery commencement date planned toward 1stOctober 2019 and an Expansion Phase (Phase II ) will see the addition of two pellet production linesto extend the capacity to 350,000 metric tons per year in October 2020.
Long-term Off-take contracts LOIs with two European BuyersFebruary, 2019
In advanced discussions with an institutional investor for over $25 millions Equity investmentFebruary, 2019
Secured a 10-years long-term Lease and Purchase Option Agreement of 175 acres of prime industrial land including Tax abatement incentive from the Cook County (the County), the City of Adel (the City), the Adel Industrial Development Authority (the Development Authority), the Cook County Economic Development Commission (the EDC) and the Cook County Board Tax Assessors (the Tax Assessors).January, 2019
Front End Engineering Design (FEED) & Original Equipment Manufacturer (OEM) Partners securedDecember, 2018
Pre-Feasibility Studies, Preliminary Site Assessment, Market Research & Financial Modeling completedDecember, 2018