EXCITING NEWS ABOUT OUR AREA

Green Circle Bio Energy

Feburary 27th 2007, TSI attended the Ground Breaking Ceremony for Green Circle's new Wood Pellet Production Facility in Cottondale, near Panama City, in the Florida panhandle.

The plant will produce wood pellets for European power generation plants. TSI will play a key role in the project by supplying two large single pass drying systems for drying of the raw biomass prior to pressing into pellets.

The pellets, when made, will be shipped in bulk from the port of Panama City and will ultimately be mixed with coal prior to burning. The carbon dioxide (CO²) emitted as a result of burning is the major “Greenhouse” Gas by volume but, in this case, is part of the natural carbon cycle (Tree grows – absorbs CO²/ Tree dies – releases CO²) and therefore does not add to the net amount of carbon dioxide in the atmosphere so long as the wood is harvested from sustainable and regenerated forest resources. This is preferable to the burning of fossil fuel which produces a one time addition to the carbon dioxide in the atmosphere with no immediate cycle mechanism to recapture it.

Green Circle is owned by the JCE Group out of Sweden and has a background in pellet production and other energy and shipping related activities. On completion, the Green Circle facility will be the largest of its kind in the world.