HOUSTON -- PGI ENERGY, INC. (Pink Sheets:PGIE) has entered into a Wood Pellet market development and supply partnership with EX-FACTORY INC. of North Carolina, the exclusive North American distributor of the TECCON PELLET.TOWER. Through its PGI Green E & P, Inc. JV subsidiary, PGI has identified the growing worldwide market for high quality wood pellets and bio coal briquettes as renewable energy sources. The partnership combines the wood and biomass processing expertise of EX-FACTORY with the project financing, logistics, and trading arms of PGI to successfully develop manufacturing facilities and bring product to market. Deployment of the highly efficient PELLET.TOWER for production of premium wood pellets is the initial focus. Future projects are forecasted by tapping into EX-FACTORY's expansive woodworking client base and also utilizing their extensive access to high quality processing equipment in pellet and briquette manufacturing.
About EX-FACTORY INC.
EX-FACTORY INC. has a long and respected North American market presence in the woodworking equipment industry since 1989. Over the last decade Juergen Schumacher, owner, observed the growth of the wood-to-energy market and became involved with several startups. EX-FACTORY Management fully underwrites the forecast that pellet and briquette fuels made from sustainably produced biomass and torrified biomass will play a very noticeable and high impact role in reducing USA demand for fossil fuels.
About PGI Green E & P, Inc.
PGI GREEN E & P, INC. is a new waste-to-green fuel refinery initiative to reduce the world's carbon footprint. Existing technologies include the transformation of tires to light fuel oil, plastics to crude, pelletizing, and waste to Syngas. PGI Energy plans to own and operate a fair number of these "alternative energy" facilities. Their team has made significant progress in developing relationships among feedstock providers, such as large waste handlers and municipalities. Current projections include the sale of pellets & briquettes through commodities trading or directly through PGI Energy Trading, Inc., a recent wholly owned subsidiary of PGI Energy.
About PGI Energy, Inc.
PGI Energy, Inc., is an energy holding company, headquartered in Houston, Texas. The company’s objective is asset acquisition in the proven areas of oil & gas assets, refinery & pipeline sectors of the energy industry, alternative and other synergistic assets.
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