Eyeing the Market.
Profile of Thermogen Industries, a startup company that manufactures bio-coal. In a renewable energy market that is dominated by white pellet providers, Thermogen faces many unknowns, including who their customers will be and whether they will be able to deliver bio-coal at competitive prices, but the company feels it is well positioned to succeed. Their bio-coal pellets -- made of torrified wood -- have advantages over traditional wood pellets and the pellet market is growing rapidly in Europe. Also, new environmental regulations in the U.S. will likely drive up demand for the product closer to home. John Hallé, president and CEO of Cate Street Capital which owns Thermogen, is optimistic about being a frontrunner in a new industry.
Thermogen Industries LLC
McCarthy, James, "Eyeing the Market." (2013). Maine News Index – MaineBiz. 5909.
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