Alter Energy Group AG has signed a letter of intent to acquire an idled pellet plant in Laurinburg, North Carolina by early August. CEO Edward Klaeger stated operations will begin as early as October. AEG plans to increase capacity from approximately 121,000 tons per year to 275,000-309,000 ton per year by the spring and summer of 2015. Nature’s Earth Products owned the idled pellet facility prior to its 2012 acquisition by GreenWorld Development.
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