Viridis Energy's Scotia Atlantic Biomass Commences Wood Pellet Production
04 9월 2013 - 10:10PM
Access Wire
Vancouver, BC - September 4,
2013 - Viridis Energy Inc. ("Viridis" or the
"Company") (TSXV: VRD), a "Cleantech"
manufacturer and distributor of renewable energy providing biomass
fuel to global residential and industrial markets, announced today
that it has commenced production of wood pellets at its wholly
owned subsidiary, Scotia Atlantic Biomass Company, Ltd. ("Scotia"),
located in Middle Musquodoboit, Nova Scotia, with its first
shipment of 25,000 sold for delivery in December. The Company began
production on three of its five pellet presses in late August and
expects to be running all five presses by the end of September. The
Scotia facility's current annual capacity of 120,000 tons, brings
Viridis' total production capacity to 180,000 tons.
The Company recently
announced that it entered into an agreement with Ekman & Co AB
("Ekman"), one of the world's oldest trading houses and wholesalers
of forest products, to market Scotia's entire 240,000 ton wood
pellet production over a two-year period as its exclusive agent.
Ekman's operations span 100 countries through 40 offices, including
Europe where most of Scotia's production will be sold to utilities
and industrial consumers of wood pellets.
"Our Scotia Atlantic
facility is located near excellent shipping ports on the Atlantic
Ocean, making it strategic to addressing the growing demand for
renewable energy sources in Europe", said Christopher Robertson,
Viridis' chief executive officer. "We are delighted with the
quality of pellets produced at Scotia. As demand for wood pellets
continues to grow dramatically and unique marketing opportunities
similar to our Ekman arrangement surface, we will look for means to
aggregate product offering through production expansion, as well as
wholesale sources."
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|Company Contact: Michele | | |
|Rebiere Chief Financial | | |
|Officer Viridis Energy Inc | | |
|905-847-5226 | | |
|investorinfo@viridisenergy.ca| | |
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About Viridis Energy Inc.
Viridis Energy Inc. (TSXV: VRD) is a
publicly traded, "Cleantech" alternative energy company
specializing in the agricultural and wood waste biomass. Located in
Vancouver, B.C., Viridis Energy operates Cypress Pacific Marketing,
Okanagan Pellet Company and Scotia Atlantic Biomass, thus providing
the company with vertical integration for distribution and
manufacturing as well as coast to coast national presence. For more
information on Viridis Energy Inc. please refer to the company
website at www.viridisenergy.ca.
Forward-looking
Statements
Certain statements in this release are forward-looking statements,
which reflect the expectations of management regarding the
Company's future operations. Forward-looking statements consist of
statements that are not purely historical, including any statements
regarding beliefs, plans, expectations or intentions regarding the
future. Such statements are subject to risks and uncertainties that
may cause actual results, performance or developments to differ
materially from those contained in the statements. No assurance can
be given that any of the events anticipated by the forward-looking
statements will occur or, if they do occur, what benefits the
Company will obtain from them. These forward-looking statements
reflect management's current views and are based on certain
expectations, estimates and assumptions which may prove to be
incorrect. A number of risks and uncertainties could cause our
actual results to differ materially from those expressed or implied
by the forward-looking statements, including: (1) a continued
downturn in general economic conditions in North America and
internationally, (2) the inherent uncertainties associated with the
demand for biofuels, (3) the risk that the Company does not execute
its business plan, (4) inability to finance operations and growth
(5) inability to finance the start-up operations in Nova Scotia in
a timely manner (6) inability to retain key management and
employees, (7) an increase in the number of competitors with larger
resources, and (8) other factors beyond the Company's control.
These forward-looking statements are made as of the date of this
news release and the Company intends to update such forward looking
information in the Company's MD&A in the event that actual
results differ materially from such forward-looking statements
contained herein. Additional information about these and other
assumptions, risks and uncertainties are set out in the "Risks and
Uncertainties" section in the Company's MD&A filed with
Canadian securities regulators.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release.
Viridis Energy Inc. (TSXV:VRD)
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Viridis Energy Inc. (TSXV:VRD)
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