Foresight Invests £14 Million In Recycling And Renewable Energy Companies
The Investments Foresight has invested £5 million in Yorkshire-based Land Energy, a producer of wood pellets, to fund the development of wood pellet production plants. Each plant will source wood from local forests and produce pellets for local use, delivering renewable wood fuel in the form of wood pellets to schools, homes and offices in the area in order to help them lower their carbon impact. Although wood is not a new fuel for heating, its value as a renewable resource has just begun to be recognised. In Germany, for example, wood pellet consumption for fuel has risen ten-fold in the last four years because pellets are both easy to use and economical.