GIMCO Korea Ltd to start $413m wood pellet project in May

Construction work for a wood pellet project is expected to commence in May this year.

Nabou Green Energy Ltd chief executive offier Jun Hyung Lee says the estimated $US200 million project is being undertaken by the biomass energy company from Korea, GIMCO Korea Ltd.

The project aims to export 500,000 ton of wood pellets (renewable energy) annually from Fiji to South Korea and other countries.

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