A Joint Venture Agreement to build a biomass production facility in the South American country of Brazil, was recently announced by Vega Promotional Systems, Inc.. The name of the venture is Biomass of the Americas, LTD. Utilization of special alternative energy technology called torrefaction, will be a main focus of the joint venture agreement.
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With a high energy density of over 10,000 BTU's per pound Bio-coal is also considered a renewable energy fuel that meets the Renewable Portfolio Standards and renewable energy credits in the United States. The retail price of the bio-coal in the United States is between $135 and $145 per metric ton. In Europe, the price is approximately $100 per metric ton higher than the price in the United States.
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