Perth company Plantation Energy Australia (PEA) has struck a $70 million, three-year deal with a Belgium-based power company to supply densified biomass fuel pellets.

Private company PEA said the deal with Electrabel NV is the first of its kind in Australia, with the pellets made from non-commercial plantation forest residues.

Initial exports will be shipped from Albany where PEA has a pellet manufacturing facility.


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