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.
