Pallet maker launches pellet business
Fashion Export-Import is investing more than half a billion forints in building a plant that will turn sawdust, the byproduct of its pallet business, into wood pellets, Hungarian news agency MTI reported today.
Fashion Export-Import spun off the wood pellet business into Pellet-International, said owner and managing director István Ónodi. The unit has already completed a HUF 257 mln production hall and is installing almost HUF 300 mln of machinery. Test production will start this fall, Ónodi added.
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Pellet fuels are heating fuels made from compressed biomass. Wood pellets are the most common type. A form of wood fuel, wood pellets are generally made from compacted sawdust or other wastes from sawmilling and other wood products manufacture.
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The plant is expected to turn an annual 5,000 tons of sawdust into pellets. Fashion Export-Import was granted almost HUF 100 mln from European Union funds for its investment.
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