FTI Consulting has given the the company’s suitors until September 15 to prepare their indicative bids for the business, which landed in receivership last week.
FTI Consulting has given wood pellets maker Altus Renewables’ suitors until September 15 to prepare their indicative bids for the business, which landed in receivership last week.
Altus has production facilities close to forestry areas with access to port infrastructure. Its Tuan Facility has a 125,000 tonnes annual capacity and is running at 90,000 tonnes, according to the flyer. Prospective bidders were told that the company is in the third year of a 10-year offtake. It also has a development site, the Green Triangle Project, near Portland.
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