Former German Pellets plants in US to be bought by Drax?

UK’s biggest power station, Drax, has recently made offers to buy two of German Pellets' bankrupted US-based biomass pellet plants.    The company, which this month reported a 17% drop in earnings, said it has submitted initial cash bids for Texas Pellets and Louisiana Pellets. Texas Pellets and Louisiana Pellets are both going through Chapter 11 bankruptcy processes and are seeking purchasers for substantially all of their assets, Insider Media reported.    The bids from Drax could be accepted, but the buyer will be chose through auctions, which will be held on ...

Register for unlimited access

We work hard to bring you the latest news in the world of the international wood industry. The article you are currently reading is available only to registered users.
By registering you gain access to:
  • Thousands of quality articles
  • In-depth analyses of market trends
  • Exclusive market price insights
  • And much more!
(approximately $22.8, Paypal exchange rate)
Checkout Options
Yearly subscription - 249€/12 months
password strength indicator
Additional Info

We Accept PayPal
Billing Address