Our Tuan facility was commissioned in 2014 and has since exported over 322kt of wood pellets. Current annual production capacity is 75ktpa and expected to reach 100ktpa in FY23.
The plant has a nameplate capacity of 125ktpa and supplies a 10-year off-take agreement with Mitsui for 100ktpa.
Altus' flagship development project, the Green Triangle Project is designed to produce 315ktpa from CY24, with the potential to produce a further ~300kt.
Densified wood pellets are a sophisticated form of packaged energy with a low moisture content of between eight and ten percent. Pellets typically have an energy content of 16.5 to 18 GJ/mt which is four times higher than traditional wood fuels such as firewood, wood chips or saw dust.
This high energy content allows for the pellets to be stored and transported more cost effectively than other forms of biomass based fuels and results in lower levels of ash and higher temperatures when they are combusted to produce energy. As a result of these unique properties, wood pellets are becoming the product of choice for a range of small and large-scale biomass-based renewable energy applications.
In particular, wood pellets are used as a complementary renewable fuel source in large-scale coal fired power stations. Firing wood pellets with coal allows power generators to produce electricity with minimal losses of efficiency while meeting their renewable energy generation/off-set requirements. Altus’ industrial grade wood pellets are made from 100% pine sawdust and meet the industry's highest level of specifications.
We strive to be a high quality renewable energy company, an inspiring place to work for our employees and a company welcomed by the communities in which we operate. We will continue to provide superior products to our customers and value the investment of our shareholders.
Denis is a chartered accountant with extensive experience of corporate, financial and operations management of public mining companies. Denis is an Associate of Chartered Accountants Australia and New Zealand and a Fellow of the Australian Institute of Company Directors. Denis is currently Chairman of Orion Minerals NL and previously worked with KPMG, Alcoa of Australia Limited, Tanami Gold NL and Metana Minerals NL. Denis founded the Company in 2000 after several years researching and monitoring the developing carbon credit market and related forestry initiatives.READ BIO
Ian has over thirty years experience in the international forest products sector. He has held senior executive positions in both the public and private sector including Mondi Limited, Hancock Natural Resource Group and State Forests NSW. Ian was involved in setting up the Carbon Program with in the Boston-based Hancock Natural Resource Group and has had extensive international experience working with companies in Japan, the USA, Australia, Europe and South Africa. Ian holds a BSc (Forestry), B (B & A) (Honours) and a MBA, all from the University of Stellenbosch, South Africa.READ BIO
Stephen is a Fellow of Chartered Accountants Australia and New Zealand and has more than thirty years of experience in public practice. Stephen was a partner in BDO Chartered Accountants and Advisers (Perth) for 22 years with the last 11 years in the role of Managing Partner. Stephen established the Corporate Finance division of BDO Perth and was the partner in charge of this division until he retired from practice in 2003. Since 2003, he has held various directorships and acted as a consultant to a number of companies in the resources sector. Stephen has held a number of consultancy and directorship roles with listed and unlisted public companies. Mr Mann is currently a director of Target Energy Limited.READ BIO
Mr Lamb holds masters-level qualifications in Forestry and in Business Administration. He is a member of the Institute of Foresters Australia and the Australian Institute of Company Directors. From 2018 to 2021 he held Executive Director and Managing Director positions with ASX listed company Kiland Limited. He was Director of Operations and Portfolio Manager for New Forests Asset Management Pty Ltd from 2005 until 2017 with responsibility for $2.5 billion in timberland and related agricultural and industrial assets. Mr Lamb has also served as a director of several forestry companies and trusts within and outside the New Forests group. His early career included both government and non-government forestry roles.READ BIO
David has more than 25 years of diverse commercial experience in both private sector companies and with an international management consulting firm. David’s senior management and operational experience spans numerous aspects of the forest products and renewable asset classes, encompassing project due diligence, design and realisation, operational management and improvement, compliance and sustainability, with a special focus on renewable biomass based fuels and sustainable resource development. David holds a Bachelor of Science (Environmental) and Master of Forestry Science from Canterbury University, New Zealand and Master of Business Administration from the University of Queensland.READ BIO
Rochelle (B. Comm, B. Sc, MBA, FGIA and GAICD) has extensive experience internationally within the mining and manufacturing industry, working with Boards of high profile listed companies in the areas of finance, information technology, risk and corporate governance.READ BIO
Mr Hart holds a Bachelor of Commerce Degree and is a Chartered Accountant. He is a Partner at Endeavour Corporate Pty Ltd, an advisory firm that specialises in the provision of Group secretarial and accounting services to ASX listed entities. Mr Hart has over 35 years of professional experience with the accounting and management of public companies.READ BIO
Suite 8, 7 TheEsplanade
Mt Pleasant, Western
Principal Place of Business
Third Floor, 3926 Pacific Highway
Loganholme QLD 4129.
Tel: +61 7 3801 3520
Fax: +61 7 3801 5307
Level 11, 172 St Georges Terrace
Perth, WA, Australia
Level 9, 123 Albert Street,
Brisbane Qld 4000
Learn about the science, innovations andtrends in the biomass and renewables industry.