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Viridis gets grant support for Scotia Atlantic expansion

April 25, 2014, Vancouver, B.C. - Viridis Energy Inc. announced today that Scotia Atlantic Biomass Company Limited has been awarded a Capital Investment Incentive of up to C$517,520 by the Government of Nova Scotia.


April 25, 2014
By Canadian Biomass

April 25, 2014, Vancouver, B.C. – Viridis Energy Inc. announced
today that Scotia Atlantic Biomass Company Limited has been awarded a Capital
Investment Incentive of up to C$517,520 by the Government of Nova Scotia.

 

Initial proceeds from the Incentive will be used for the
purchase of new capital equipment to improve production facilities at Scotia's
plant. Additional proceeds from the Incentive will be drawn over the next
several months.

 

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The Incentive will be used specifically to purchase a Truck
Dumper with a 6200 cubic foot hopper and an Intalogix weigh scale designed to
improve the unloading of fiber, increase the types of trucks and sources that
can be utilized, and importantly increase the amount of fiber delivered per
truck load by up to 40%. In addition, Viridis will purchase a Destoner to
improve the quality of material through the process, enhancing the Scotia
plant's productivity and output quality while ensuring less downtime.

 

Commenting on the incentive award, Christopher Robertson,
Viridis' CEO, said, "Since restarting operations late last year in our
Scotia plant, we have been implementing process efficiencies that should
support full production by the second half of 2014. Considering the growing
demand for wood pellets in Europe combined with Nova Scotia's access to
transatlantic ports, we are committed to developing our Scotia operations into
a key component of Nova Scotia's economy. We are very appreciative of the
ERDT's support."


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