We value the partnerships we have formed with best-in-class service providers in our industry, who contribute to our success.
Fulghum Fibres was created as an off-shoot of Fulghum Industries. For 24 years, Fulghum Fibresí chip mills have utilized Fulghum Industriesí wood chipping systems. Fulghum Industries has manufactured and sold over 2,000 similar, high quality chippers and more than 100 complete wood chipping systems globally. The two companies have a unique relationship whereby Fulghum Fibres provides operational feedback to Fulghum Industries who uses the information to enhance the chipping systems which benefit Fulghum Fibres.
In connection with the acquisition of Fulghum Fibres, Rentech entered directly into a joint venture (JV) agreement with Graanul Invest (Graanul), a European company which is one of the largest pellet producers in the world. Graanul has designed and built, and operates, 6 pellet facilities in Europe, which produce 830,000 tons of pellets annually. The JV is an equal equity partnership between Rentech and Graanul to develop and build wood pellet facilities in the U.S. and Canada. Under the JV, Graanul will provide EPC services to projects developed by the JV. Graanul will also provide marketing services for excess pellets produced by the JV, and allow the JV to acquire pellets from Graanulís European plants in the event the JV needs to supplement pellet supplies from its operating plants.