Espoo, Finland, 2015-11-20 09:30 CET (GLOBE NEWSWIRE) --
Dovre Group Plc Press Release November 20, 2015 at 10:30 am
SARARASA SIGNS WOOD PELLET OFF-TAKE AGREEMENT
Dovre Group Plc’s associate SaraRasa Bioindo (SaraRasa) 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. 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,” comments Ilari Koskelo, Chairman of SaraRasa’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.”
For further information, please contact:
Dovre Group Plc
Patrick von Essen, CEO
tel. +358 (0)20 436 2000
patrick.essen@dovregroup.com
www.dovregroup.com
SaraRasa Bioindo Pte. Ltd.
Ilari Koskelo, Chairman of the Board
ilari.koskelo@navdata.fi
Dovre Group is a global provider of project management services. Dovre Group has two business areas: Project Personnel and Consulting. Dovre Group has offices in Norway, Canada, the US, Singapore, South Korea, the UAE, Russia, Finland and Sweden, and employs around 800 people worldwide. Dovre Group is listed on the NASDAQ OMX Helsinki (symbol: DOV1V). Company web site www.dovregroup.com
SaraRasa Bioindo Pte. Ltd., a pellet producer using sustainable waste materials, owns and operates a wood pellet production line in Surabaya, Indonesia. SaraRasa’s main shareholders are Navdata Oy, Dovre Group Plc, and Finnfund.
CellMark AB, established in 1984 in Gothenburg, Sweden, is one of the world’s foremost providers of supply chain services to the pulp and paper industry. CellMark operates six specialized product divisions, including CellMark Energy, each focusing on a basic product category. CellMark Group’s sales are USD 3 billion. Company web site www.cellmark.com
DISTRIBUTION:
NASDAQ OMX Helsinki Ltd
Major media