Vencor enters into agreement to produce bio-coal

Vencor International has entered into an agreement to produce torrefied wood pellets, or bio-coal.

The agreement follows the company's recent announcement that testing performed on its torrefied wood pellets exceeded the strict requirements of its international client.

The five-year agreement is with Vega Biofuels, and will see Vencor provide bio-coal to Vega for shipment to Vega's European clients. The initial order will be for 3,000 tonnes, which will be produced and ready to ship during the first part of 2015.

Vencor recently provided samples of its torrefied wood pellets to be tested by Vega Biofuels. Multiple tests were performed, including ash, sulphur and volatile content analysis as well as fixed carbon and BTU content. Each one of the tests performed exceeded the requirements necessary for approval by Vega.