IRVINE, CA (News release) -- The recent announcement by Finch Paper that it will close its pulp mill in Glens Falls, New York, underscores the urgent need for alternative solutions capable of utilizing low-grade wood and forestry waste across Vermont and throughout the Northeastern US.
The loss of a major pulpwood market participant creates new challenges for the forestry sector while also accelerating the need for innovative technologies capable of converting low-value biomass into clean, renewable energy and other value-added products.
"Low-grade wood has always been a critical component of sustainable forest management programs, so important for reducing fire and other risks," said Kam Mahdi, CEO of CETY, a global-focused clean energy solutions provider. "Without economically viable markets for this material, responsible thinning, wildfire mitigation, and long-term forest health become increasingly difficult. We believe the gap left by Finch's departure from Glens Falls presents an opportunity to expand renewable biomass utilization in this area and throughout the Northeast."
Synergy Bioproducts Corp., partner in the VRG development, released the following statement from its majority stockholder, Evan Dell'Olio: "Markets for low-grade products, particularly pulp wood, cull timber, logging slash, and mill residues, are vital for the region's forest products industry. Small local companies heavily rely on access to outlets for this critical portion of their annual harvest. In most instances, 60% or more of their production volume consists of low-value wood and wood residues. Market expansion is critical to sustain a strong working lands sector in Vermont and across The Northern Forest."
Clean Energy Technologies, Inc. (NASDAQ: CETY), through its subsidiary CETY Renewables, develops technologies that convert waste biomass into clean, renewable power, and biochar. The Company's biomass energy solutions are designed to utilize forestry residues, sawmill byproducts, wood chips, bark, slash, and other low-value biomass materials that would otherwise have limited commercial value.
As traditional pulp markets continue to decline across the Northeast, renewable biomass energy facilities like the one VRG seeks to build in Lyndon can provide complementary markets supporting:
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Sustainable forest management
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Rural economic development
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New revenue opportunities for loggers and landowners
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Wildfire fuel reduction initiatives
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Renewable electricity generation
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Carbon reduction and decarbonization objectives
Industry experts quoted in the article cited above note that removing low-grade wood is essential for maintaining healthy forests and allowing higher-value timber to mature. Without viable markets for these materials, many forest management projects become economically impractical.
"Our technologies were developed specifically to recover value from materials that have historically been unused or undervalued," Mahdi said. "As communities seek resilient and sustainable energy solutions, biomass can play an increasingly important role in strengthening local economies while supporting responsible stewardship of our forests. This has been an important focus for CETY, as one part of the effort to address the forest fires that cause so much devastation."
Clean Energy Technologies continues to explore opportunities where its waste-free biomass-to-energy technologies can help municipalities, utilities, industrial facilities, and forestry operators proactively convert underutilized biomass resources into reliable renewable energy.
About Clean Energy Technologies, Inc. (CETY)
Headquartered in Irvine, California, Clean Energy Technologies, Inc. (CETY) is a rising leader in the zero-emission revolution by offering eco-friendly green energy solutions, clean energy fuels and alternative electric power for small and mid-sized projects in North America, Europe, and Asia. CETY also holds a minority ownership interest in, and is affiliated with Vermont renewable Gas LLC. We deliver power from heat and biomass with zero emission and low cost. The Company's principal products are Waste Heat Recovery Solutions using our patented Clean CycleTM generator to create electricity. Waste to Energy Solutions convert waste products created in manufacturing, agriculture, wastewater treatment plants and other industries to electricity and BioChar. Engineering, Consulting and Project Management Solutions provide expertise and experience in developing clean energy projects for municipal and industrial customers and Engineering, Procurement and Construction (EPC) companies.
About Vermont Renewable Gas
Vermont Renewable Gas, LLC is a developer of renewable energy infrastructure focused on converting underutilized organic resources into sustainable power solutions. The Company is committed to advancing projects that meet stringent environmental standards while supporting local economies and energy resilience.
This summary should be read in conjunction with the Company's quarterly report on Form 10-Q for the quarterly period ended September 30, 2025 and other periodic filings made pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, which contain, among other matters, risk factors and financial footnotes as well as a discussions of our business, operations and financial matters located on the website of the Securities and Exchange Commission at www.sec.gov.
