In Canada, Viridis Merchants has structured its first transaction and has secured approximately 30,000 tons of wood pellets from a southeast U.S. producer, representing approximately 30% of the manufacturer’s capacity, to be delivered over the next 12 months to customers in Europe.
Viridis Merchants is serving as a principal in the trade, providing value-add services such as logistics and marketing to the producer. The first shipment has left port and is headed to the residential market in Europe. This transaction will generate approximately $8 million in annual revenue.
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