Biofuels Development Partners, LLC, a company managed and co-founded by Richard deGorter, is in the process of creating a Georgia-based manufacturing facility capable of producing nearly 400,000 tons of wood pellets. The production is carbon-neutral, meaning that the raw material used by the facility is sourced from sustainability-grown pine waste products from a local sawmill.
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Renewable Fuel to be Exported from Georgia to Europe
1. RENEWABLE FUEL TO BE
EXPORTED FROM
GEORGIA TO EUROPE
Richard deGorter
2. Introduction
Biofuels Development Partners, LLC, a company
managed and co-founded by Richard deGorter, is in
the process of creating a Georgia-based
manufacturing facility capable of producing nearly
400,000 tons of wood pellets. The production is
carbon-neutral, meaning that the raw material used by
the facility is sourced from sustainability-grown pine
waste products from a local sawmill. Under Richard
deGorter’s leadership, the company is in the final
stages of financing negotiations with a large private
equity firm. In all, the Georgia facility will require more
than $70 million to complete and will employ more
than 55 people.
3. Renewable Fuel
Currently, Biofuels Development Partners’
business plan centers on exporting wood
pellets to Europe, and the company believes it
can begin doing so in the first quarter of 2017.
European customers can burn the pellets as a
carbon-neutral form of fuel.
In fact, the pellets themselves meet rigorous
standards set out in the ENplus A1 certification
process. For example, ENplus A1 requires that
the wood pellets originate from stem wood
untainted by wood processing chemicals.