Wood ring die biomass pellet machine
Doing Group, a Chinese public pellet supplier company engaged in energy and natural resources, announced today that the company has completed the acquisition of 10 acres of land , one of the largest lumber factories in the United States and a preferred source of feedstock for our wood pellet mill.
Doing Group has diligently vetted the required equipment and machinery, product end users, potential logistical partners, and additional financing sources for this project. At the same time, Dong Group is in the process of raising $60 million through a private placement under the auspices of Regulation 506(c) . It is anticipated that this wood pellet mill will generate approximately $42 million in revenues and $9 million in profits before interest, taxes, depreciation and amortization (EBITDA) per year when running at full capacity.
On another note, the company had very successful meetings with its Chinese and Vietnamese partners during the final weeks of July 2015 to coordinate the logistical details for shipping reclamation sand from Vietnam to China for land extension projects.
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