CM Biomass has approximately 770.000 MT installed wood pellet production capacity as of April 2022 with a plan of further increasing the production to approximately 1.100.000MT. From 2021 and throughout 2022 CM Biomass has been investing further into expanding production capability both in the US and into local production in Denmark.

The addition of more wood pellet factories was a timely addition to our production portfolio, especially considering the subsequent further increase in pressure on global wood pellet supply by the – at that time – unexpected sanctions against Russia and Belarus. In February 2022, we finalized the acquisition of three wood pellet plants Southeast US from Mohegan Renewable Energy, adding a new set of production facilities in Mississippi, Alabama, and Tennessee to our own production to accommodate the growing international demand.