AMEL, Belgium (Reuters) - Belgian bio-coal builder 4Energy Invest expects gain to climb 10 percent in the second half of 2010, and sees sales up tenfold inside of 4 years on a surge in direct for the CO2-neutral fuel.
The firm, that creates physical phenomenon and bio-coal by blazing rubbish wood, is formulation a vital general enlargement and has non-stop an bureau in Brazil, is construction a site in Ham, in Belgium, and is seeking at sites in Germany and the UK.
"Turnover we should reach it double by ten (within 3 to 4 years)," Chief Executive Yves Crits told Reuters on Friday during an talk at the main appetite plant in Amel, on the limit in between Germany and Belgium.
4Energy floated in 2008 at only over 6 euros and appearance after that year at only over 7 euros prior to descending in the recession. While trade around 5 euros for majority of this year, it should post serve gains on the enlargement plan.
"What we have finished is to expect the hurl out of the record by already introducing the assent record in Ham, the assent record in Germany, by already formulating the bureau in Brazil, by carrying traffic with groups in alternative tools of the world," he said.
The association began hold up in 2005 producing appetite for the timber industry in the forests around Amel, but the purpose as a bio-coal colonize resulted in it being approached to set up plants in countries as far afield as Brazil and New Zealand.
"We were contacted by (people in) New Zealand, they strike us. As the initial inciter we have enjoyed high prominence and we wish to keep this initial inciter advantage," pronounced Crits.
PROFITS
Earnings prior to interest, tax, debasement and amortization (EBITDA) tumbled to 2.8 million euros ($3.78 million) in 2009 compared with 4.3 million in the prior year, strike by descending appetite prices.
However, Crits likely that EBITDA would climb by about 10 percent in the second half of 2010 as prices recovered.
The Amel plant combines an physical phenomenon generator of electric power of electric energy powered by rubbish wood, and a section that super heats the timber to emanate bio-coal, that the association afterwards sells to be burnt by appetite stations.
However, most of the new sites could concentration on creation bio-coal, with a rubbish timber generator of electric power of electric energy used especially to give the plant electricity.
"You cut the tree to have the bio-coal, you uproot it, and fundamentally you don"t enlarge the volume of CO2, that"s the reason because the bio-coal is CO2 neutral," pronounced Crits.
($1=.7414 euros)
(Editing by Simon Jessop)
