German Pellets, Wismar/DE, and ZG Raiffeisen Energie, Karlsruhe/DE, have formed a joint-venture for wood pellets distribution. Their newly established subsidiary company best:Pellets Handelsgemeinschaft targets private consumers in southwestern Germany. The pellets market in this region grows in double digits every year. best:Pellets will therefore expand its presence in Baden-Wuerttemberg and will set up new distribution channels in the Saarland and in Rhineland-Palatinate. The sales network will include deposits, a fleet of vehicles and two production sites in Baden-Wuerttemberg.
In a separate development, German Pellets has issued a bond in the amount of up to 130 million on the Frankfurt Stock Exchange yesterday. The coupon is 7.25%, the bond has a term of five years. With the fresh capital, German Pellets plans to finance the construction of further pellet productions in the United States. The world’s largest pellet producer is also looking into establishing sawmilling and sorting facilities in the US.
Already in early June, Italian fuel trading group Green Alliance, Monza, bought all shares of Bioenergy Europe Srl, San Giovanni la Punta/IT, which is also active in the pellets trade.
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In June, the neutral pellet prices fell by 5 to 9% in the DACH region. Switzerland recorded the biggest decrease. In Germany and Switzerland, prices have reached the lowest level so far this year.
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