Canadian Viridis Energy inks transportation deals with 2 US firms

Dec 30, 2011 - Canadian wood waste biomass provider Viridis Energy (CVE:VRD) said it had formed partnerships with US Grafton Upton Railroad and US transportation service firm Dana Transport, seeking to cut transportation costs to New England.

The company ships some 25,000 tonnes of wood pellets to New England each year in heavy duty plastic bags ready for sale. Thanks to the new agreements, it will be able to ship wood pellets in bulk, with bagging to occur in a Dana Transport facility in Upton, Massachusetts. As a result, the company will cut freight and spoilage costs, it said.

Furthermore, the deals will have a positive impact on Viridis' capacity in Canada, which is now important as demand is growing. "We are exploring several opportunities that will expand the company's production capabilities and market share, in North America and overseas," said CEO Christopher Robertson.

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