Wood pellet plant for Guyana; production to be shipped to Europe
30 October 2014Pinnacle Green Resources Ltd (Guyana) plans to begin cultivation of an energy plantation on 5,000 acres of land in the Pomeroon Region 2, Guyana. Pinnacle, which has its headquarters in Singapore, is hoping to cultivate Leucaena leucocephala which is already present in Guyana and known as Jumbie Bean.
The company has signed a Memorandum of Understanding with Guyana Office for Investment (GOINVEST) for the lease of the land. Additionally, in the period before harvesting the leucaena, the company plans to establish another facility utilising the biomass available in Guyana to produce electricity.
Significant quantities of sawdust and other off cut materials are currently available and these, along with other agricultural residues and by-products will be used as fuel for the gasification plant.
The plantation investment is expected to produce 200 tons of wood pellets per day which would be exported to Europe. The European Biomass Association estimates that wood-pellet consumption in Europe will reach 50 million tons/year by 2020.
