Dovre Group’s associate SaraRasa Bioindo has signed an off-take agreement with CellMark Energy. Specialized in renewable energy production and logistics, CellMark Energy is part of Swedish CellMark AB. According to the agreement, Cellmark Energy will purchase a majority portion of the wood pellets produced by SaraRasa Bioindo. The end users of the pellets are in South Korea and Japan.
The value of the agreement is minimum USD 1.5 million. “This agreement is an important milestone for SaraRasa Bioindo,” comments Ilari Koskelo, Chairman of SaraRasa Bioindo’s Board of Directors. “With both raw material supply and our long term off-take agreement now secured, we can focus on optimizing the production line and increasing the production capacity.”