PAKISTAN – INDUSTRY
Sakrand Sugar Mills has decided to develop a Biomass Pellet Plant, aiming to diversify the company’s strategic initiatives, according to a notice to the Pakistan Stock Exchange.
The notice states that the Board of Directors of Sakrand Sugar Mills Limited, through a circular resolution, has approved the commencement of the development of the Biomass Pellet Plant.
The company stated that this decision is part of its strategic initiative to diversify its by-products, optimize resource utilization, and enhance value creation for stakeholders. This step aligns with the company’s growth objectives and its commitment to sustainability.
The information shared with the PSX includes the resolution, which was circulated on February 13, 2025.
What is a Biomass Pellet Plant?
A “Biomass Pellet Plant” is a facility that produces small, compressed fuel pellets called “biomass pellets” by processing various organic materials like wood waste, agricultural residues, and other plant-based biomass into a usable fuel source, typically used for heating or power generation; essentially, it’s a complete production line with machinery to grind, dry, compress, and cool the biomass into pellets. – ER Report
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