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{"id":9337,"date":"2012-07-29T03:38:23","date_gmt":"2012-07-29T03:38:23","guid":{"rendered":"http:\/\/www.seonewswire.net\/?p=9337"},"modified":"2012-07-29T03:38:23","modified_gmt":"2012-07-29T03:38:23","slug":"renewable-energy-company-files-breach-of-contract-lawsuit","status":"publish","type":"post","link":"http:\/\/www.seonewswire.net\/2012\/07\/renewable-energy-company-files-breach-of-contract-lawsuit\/","title":{"rendered":"Renewable Energy Company Files Breach of Contract Lawsuit"},"content":{"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 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

Read more ›<\/a><\/div>\n

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