Astec: Fram third pellet line in Hazlehurst

Aztec “Fram Renewables third line in Hazlehurst 560 000 t/y pelletplant nearly installed”

During a recent call regarding Astec Q3 2015  financial report, Chief Financial Officer, Vice President and Treasurer David Silvious Brock provided an update on the wood pellet plant Astec built för Fram Renewables in Hazlehurst, Georgia.

“In addition to line one that is running, line two is now running and has also met the production target in early startup,” he said. “Line three is nearly installed, and full and near the testing phase.”

He said a slight delay was experienced in line three as the startup of line two required focus.

Astec has financed the pellet plant. And because of this is a new business field for Astec the company has chosen to report result as they are paid. Brock also reminded the audience that the order for all three lines was for $60 million.”

Brock also stated that  well over 100,000 tons of pellets out of the Hazenhurt plant’s first line have been sold, and  pellets out of line two are already being sold as well.

Brock also provided a brief update on the recent sale of a new $30 million pellet plant to Highland Pellets. “We are working to ship this order in the fourth quarter this year,” he said.