Graanul Invest

[6] In 2017, Graanul Invest acquired from German Pellets the Langerlo coal power plant in Belgium.

However, the project failed as the company did not secure renewable energy subsidies from Flemish authorities.

[7] In October 2018, Graanul Invest sold 10 pellet-fueled boiler houses to Adven Eesti.

[9] Graanul Invest owns 11 wood pellet plants in Estonia, Latvia, and Lithuania.

Its main export markets for pellets are the United kingdom, Denmark, Sweden, and Italy.