Colorado producer doubles capacity
Kremmling, Colo.-based Confluence Energy has acquired certain assets of Walden, Colo.-based Rocky Mountain Pellet. The transaction has nearly doubled the company’s original 100,000-ton-pellet production capacity.
The facilities, located 60 miles apart, both began production in 2008. Both plants have also sourced pine beetle-killed wood as feedstock. Late last year, the U.S. Forest Service awarded Confluence Energy a 10-year feedstock materials contract for beetle-killed trees.
The acquisition includes one building and approximately 90 acres of land. The transaction also includes all fixed and mobile assets on the site. With the completion of the deal, Confluence Energy gains facilities housing four pellet presses with a combined annual production capacity of 120,000 tons. The acquired facility is expected to be fully operational by midyear.