A renewable energy firm has filed a lawsuit against a German company in a dispute over the formation of a Texas-based partnership.\u00a0 Forestech Energy claims that German Pellets breached a contract to create a company that would export wood pellets to Europe as a renewable bio fuel.\u00a0 The lawsuit was filed in Jefferson County District Court on May 24.<\/p>\n
The suit claims that Forestech invested a significant amount of time and money in selecting a Woodville-Beaumont location for the project, and believed that German Pellets, an established European manufacturer of wood pellets, would be its partner.<\/p>\n
Forestech had planned for the project to include a mill in Woodville and a Beaumont shipping site.\u00a0 The company claims that German Pellets expressed a desire to create a partnership, and represented that it could help with the financing of the enterprise.\u00a0 According to the lawsuit, German Pellets was in a better position to secure financing due (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" A renewable energy firm has filed a lawsuit against a German company in a dispute over the formation of a Texas-based partnership.\u00a0 Forestech Energy claims that German Pellets breached a contract to create a company that would export wood pellets…<\/span><\/p>\n