According to an article published in Splash247, Denmark’s USTC has acquired a majority 60% stake in compatriot CM Biomass, the world’s largest independent wood pellet trading company.
CM BiomassThe CM Biomass management team and the organisation will remain unchanged with Simon Rodian Christensen as its CEO. CM Biomass will form a new and separate entity in the USTC portfolio that already covers companies like Bunker Holding and Uni-Tankers.
USTC Statement“The objective is to build on its global...