Brief: Carbon Transition Unit Arbaflame Gets Agreement In Romania

Fjord Defence ASA

05/11/2021 10:58

Nov 5 (Reuters) - Carbon Transition ASA  CARBN.OL :
    * PORTFOLIO COMPANY, ARBAFLAME, ENTERS INTO SUBSTANTIAL
LETTER OF
INTENT WITH MINISTRY OF ENERGY OF ROMAN
    * SUBJECT TO A SUCCESSFUL TEST PROGRAM, MINISTRY OF ENERGY
OF
ROMANIA WILL GRANT ARBAFLAME A 10-YEAR OFFTAKE AGREEMENT FOR
100,000 TONNES PER YEAR OF ARBACORE WOOD PELLETS TO BE PRODUCED
AT A NEW ARBAFLAME PRODUCTION FACILITY TO BE BUILT IN ROMANIA.
    * DEAL PROVIDES FOR FURTHER CAPACITY EXPANSION OF 2 MILLION
TONNES
PER YEAR (REPRESENTING 20 ARBANEXT PLANTS), SUFFICIENT TO
REPLACE ABOUT 10% OF ROMANIA'S COAL CONSUMPTION

Source text for Eikon:  ID:nObiw42p9a 
Further company coverage:  CARBN.OL 

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