Arkansas’ Highland Pellets Orders Astec Production Line

From: Wood Bioenergy Editors Astec Industries, Inc. has entered into an agreement and received a related down payment to build, deliver and install the first production line of a new turnkey wood pellet production facility for Highland Pellets, LLC at Pine Bluff, Ark. The $30 million agreement with Highland Pellets includes the option to add […]

From: Wood Bioenergy Editors

Astec Industries, Inc. has entered into an agreement and received a related down payment to build, deliver and install the first production line of a new turnkey wood pellet production facility for Highland Pellets, LLC at Pine Bluff, Ark.

The $30 million agreement with Highland Pellets includes the option to add additional production lines, related equipment and installation services, which could bring the total order amount to $143 million. Astec expects to deliver the first production line and related equipment no later than early 2016.

Commenting on the announcement, Benjamin Brock, CEO, states, “We are pleased to announce this $30 million order for the first production line of a planned multi-line wood pellet plant facility. Highland Pellets has been great to work with on this agreement and we look forward to a long-term relationship with them.”

Although Astec has received an order and a down payment on the first $30 million portion of the facility, the remaining $113 million worth of goods and services is optional.

Astec promotes its modular design and replicated parallel production lines. One of its pellet production lines has been running at Fram Renewable Fuels in Hazlehurst, with a second line in place and a third line expected to come on, which would give Fram 400,000 tons of production. One of the advantages of the parallel production lines is said to be the avoidance of a total production shutdown due to any one major equipment outage.

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