Intraglobal, Inc.
A Premium Sponsor of WDPellet.com
Intraglobal, Inc., formerly an investment-banking firm, is focused on biomass and renewable alternative energy. The company has developed a fully integrated business model for wood pellet manufacturing that starts with raw material procured from harvested trees and clean wood recycling. In the United States, the Northeast has both the resources and the supply. Unlike flex fuels and bio-diesel, this viable alternative is receiving no meaningful attention from the federal government or financial markets. We believe this will have to change now that high fuel oil prices are here to stay causing the wood pellet industry to evolve into a mainstream energy resource business. Intraglobal's plan is to move the industry into the main stream under a formal business structure as part of its overall business strategy.
Part of our interest in this industry rests with taking advantage of proven technologies. Europe has been using wood pellets and wood pellet production equipment for decades because of high fuel oil prices with the aid of government subsidies. Sweden consumes more pellets than the total current pellet output of the United States. We believe this has been an opportunity hard and long in the making. It has taken one current leader in the industry, New England Wood Pellet, twenty years to reach a commercially viable size. We expect the industry growth will be accelerated by the changing energy market and environmental issues facing the world.
Intraglobal's principal objective is to build, through pellet producing facilities and raw material acquisition, the largest wood pellet manufacturer and distributor in the New England area. While this objective is exceptionally ambitious, there are certain factors that make it viable. The scope of our objective will incorporate five plants in key markets in the Northeast with production capacity in excess of 1 million tons of wood fuel pellets representing average oil savings of 7,672 barrels per day and total consumer savings of roughly US$150 million, annually. This plan would divert hundreds of millions of energy related dollars from leaving the country and remaining in the local economies.