Graanul Invest
Wood pellet and bioenergy producer supplying industrial pellets to power plants and premium pellets to households in the Baltics
About Graanul Invest
AS Graanul Invest, headquartered in Tallinn, produces wood pellets and generates renewable electricity and heat. The pellets are made from sawdust, wood chips and low-quality roundwood left over from the forest and wood industries. The group operates 12 pellet plants in Estonia, Latvia, Lithuania and the United States, and six combined heat and power plants in Estonia and Latvia.
Most production (98%) is industrial pellets exported outside the Baltic states, mainly to the United Kingdom, Denmark and the Netherlands, for use in power and cogeneration plants. Premium pellets for automated household boilers are sold through Baltic retail and the online shops pellet.ee, graanul.lv and granules24.lt. The heat and power plants supply electricity and heat to the group's pellet factories and feed green electricity into local networks.
The company was established on 25 November 2003. It reports an annual pellet production capacity of 2.7 million tons and produced 2.34 million tonnes of pellets in 2023. Premium pellets are DINplus and ENplus A1 certified. Apollo acquired an 80% stake in Graanul Invest, and the group is organised into Graanul Invest, Graanul Technology (biomaterials) and Graanul Assets (forestry holdings).
Product: Industrial and premium wood pellets, plus electricity and heat from combined heat and power plants.
Jobs at Graanul Invest
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