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German Pellets GmbH

Two fuel pellet production plants will be built in the Pskov Region at a total cost of EUR 25-30 million. Phase 1 of the project will be implemented in 2017, the regional administration’s press service reported today following a meeting of the Regional Investment Council.

“The Pskov Region Administration and the company Eco-Pellets have signed a letter of intent to implement the Pskov Pellet project worth a total value of 25-30 million euros,” a spokesperson said.

The investment project involves the establishment of a fully automated production plant for fuel pellets with an annual capacity of 180,000 tons. The project’s co-investor is German Pellets GmbH, the world’s largest producer and supplier of granular pellets.

The investor is expected to commence design work as early as December. According to plans, the first plant will be built in 2017. The main sales market for the production will be the countries of Western Europe.

26 October 2015
TASS

German Pellets GmbH plans to open a pellet production plant at Bor, Nizhny Novgorod Region, in mid-2016. Journalists were informed of this by Head of the Bor Administration Alexander Kiselyov at a press conference on 18 June.

He went on to say that the total investment in the production unit would amount to RUB 8.5 bn, about 80% of this being borrowed funds. The enterprise will create 150 new jobs in the district.

The production will be based on processing of non-commercial timber. The output will be exported to Europe.

The plan is for the enterprise to produce 600 thousand pellets a year.

As was announced in December 2013, the government of the Nizhny Novgorod Region and the German Pellets company plan to implement in the region a project for organizing production of wooden heating pellets, which are the cheapest source of energy. Their production is energy effective and is based on renewable resources. The production processes does not emit any harmful substances into the atmosphere.

14 July 2015
Investor
179.0 mln
Jobs: 150
Nizhny Novgorod Region, Pscov Region

Investor profile

German Pellets GmbH

Germany

Company's website: www.german-pellets.de/en.html

T: 03841 / 3030 6666

Private company

Contact: Peter H. Leibold, Managing Partner

German Pellets GmbH was set up in 2005 in Wiesmar, East Germany, where the company’s headquarters are now located. The founder and owner of the company is Peter H. Leibold. The company is made up of 15 factories with an aggregate annual output of 2.3 m tonnes of raw material. The company has over 800 employees. German Pellets has a developed sales network, including more than 100 dealers in Europe, as well as several of its own major terminals, including at ports, for transshipment and packaging of the pellets.

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