Converde Energy adds biomass grinding
July 30, 2015 - Converde Energy USA Inc. reported that it will build and commission a biomass grinding line complete with sizing sieves and testing equipment at its Cambridge, Ont. facility.
Since the announcement of its simultaneous grinding and oil extraction technology on November 24th, 2014 the company had been getting numerous requests for grind testing and small production runs of various types of biomass and bio-feedstock.
Management has seen this as an opportunity to apply its skills, knowledge and technology to provide a “service for fee”. Many potential clients have had the same complaint that they cannot get small production runs or grinding of various products for a reasonable price.
The company believes that not only will this service bring in additional revenues on the service side but will assist in ultimately selling its grinding systems to clients who are setting up grinding facilities for biomass, bio-digesters, fibre grinding, oil extraction, corn for ethanol production as well as animal feeds.
Mr. Michael McLaren CEO, states, “This is another example of using our skills, experience and technology to bring in new revenue streams into the company. I am excited for the possibilities not only in contract testing and small production but also in the fact it will bring in new buyers for our grinding systems.”
Converde Energy has estimated that the new system could bring in as much as $500,000.00 in sales in the next year based on existing inquires for the service.