N+P has increased its investment in Subcoal International B.V. and Subcoal Production FRM B.V., acquiring all of the remaining shares to take full control of the Subcoal concept.
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Netherlands-based alternative fuels specialist, N+P, has announced the acquisition of Subcoal International B.V. and Subcoal Production FRM B.V. The company takes full control of the two companies, after an initial investment in 2013.
The Subcoal concept was developed in 1998 by DSM, but only implemented at scale in 2010. Since N+P involvements began in 2013, the concept has been developed globally. Subcoal pellets are products from non-recyclable waste and can be used as a fossil fuel substitute in energy-intensive industries, such as cement and power.
“By using alternative fuels, these industries make significant savings in their energy costs,” said N+P in a press release. “In this was, millions of kilos of fossil fuels are replaced each year, which also contributes significant to a reduction of CO2 emissions.”
Following various investments in the production facility in Delfzijl in the north of the Netherlands, N+P will focus on expanding production. The company expects a yearly growth in production capacity of 0.5 – 0.75 million tpy, with the first new production facility coming online in the UK next year.