AfriRen
will
use
part
of
the
finance
to
help
build
woodchip
factory
and
storage
facilities
at
its
site
near
the
Ghanain
port
of
Takoradi.
The
site
is
being
developed
by
its
Takoradi
Renewable
Energy
subsidiary
as
part
of
an
$8m
investment
by
AfriRen
in
biomass
production
in
the
West
African
nation.
AfriRen
harvests
redundant
rubber
trees
that
are
cleared
for
replanting
and
processes
them
to
make
woodchip
biomass
for
export
to
Europe.
In
October
2011
the
company
signed
a
five-year
supply
agreement
with
Danish
utility
Verdo
for
the
entire
woodchip
production
of…
