PGI Energy Announces Partnership with EX-FACTORY for Development of Wood Pellet Energy Market
27 5월 2011 - 10:07PM
Business Wire
PGI ENERGY, INC. (Pink Sheets:PGIE) has entered
into a Wood Pellet market development and supply partnership with
EX-FACTORY INC. of North Carolina, the exclusive North American
distributor of the TECCON PELLET.TOWER. Through its PGI
Green E & P, Inc. JV subsidiary, PGI has identified the
growing worldwide market for high quality wood pellets and bio coal
briquettes as renewable energy sources. The partnership combines
the wood and biomass processing expertise of EX-FACTORY with the
project financing, logistics, and trading arms of PGI to
successfully develop manufacturing facilities and bring product to
market. Deployment of the highly efficient PELLET.TOWER for
production of premium wood pellets is the initial focus. Future
projects are forecasted by tapping into EX-FACTORY's expansive
woodworking client base and also utilizing their extensive access
to high quality processing equipment in pellet and briquette
manufacturing.
About EX-FACTORY INC.
EX-FACTORY INC. has a long and respected North American market
presence in the woodworking equipment industry since 1989. Over the
last decade Juergen Schumacher, owner, observed the growth
of the wood-to-energy market and became involved with several
startups. EX-FACTORY Management fully underwrites the forecast that
pellet and briquette fuels made from sustainably produced biomass
and torrified biomass will play a very noticeable and high impact
role in reducing USA demand for fossil fuels.
About PGI Green E & P, Inc.
PGI GREEN E & P, INC. is a new waste-to-green fuel refinery
initiative to reduce the world's carbon footprint. Existing
technologies include the transformation of tires to light fuel oil,
plastics to crude, pelletizing, and waste to Syngas. PGI Energy
plans to own and operate a fair number of these "alternative
energy" facilities. Their team has made significant progress in
developing relationships among feedstock providers, such as large
waste handlers and municipalities. Current projections include the
sale of pellets & briquettes through commodities trading or
directly through PGI Energy Trading, Inc., a recent wholly owned
subsidiary of PGI Energy.
About PGI Energy, Inc.
PGI Energy, Inc., is an energy holding company, headquartered in
Houston, Texas. The company’s objective is asset acquisition in the
proven areas of oil & gas assets, refinery & pipeline
sectors of the energy industry, alternative and other synergistic
assets.
For more information visit: www.PGIEnergy.us or Email:
ir@pgienergy.us
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