THE Green Triangle forestry sector is poised for continued growth with a national wood pellet company stepping up its feasibility studies into a proposed $125m world-scale wood pellet construction plant.
Altus Renewables is now in the final stage of a feasibility study into the construction of a 500,000 metric tonne (MT) per annum processing facility in the region.
The company is significantly upscaling its production capability after securing a long-term wood pellet agreement for the Japanese power generation market.
The project has the potential to see the Green Triangle, in particular the Mount Gambier district, become home to the nation’s largest wood pellet plant.
In a major step forward for the proposed