GREL and AfriRen signed an agreement in 2010 for a first cargo of biomass scheduled for August 2011. The project aims to create value by extracting, chipping and exporting the rubber tree biomass via the port of Takoradi to the European power market. This line of activity will be new to the port as no biomass export business of this scale has ever been developed. The extraction chain will use the latest forestry technology equipment to minimize CO2 emissions and damage to the soil. The plantation is located less than 100km away from the port. Biomass will be wood chipped directly at the plantation, then stored in a sheltered area near the port until an export cargo of a minimum of 15,000 tons is assembled (roughly every six weeks). As a result, 6 to 7 cargoes are scheduled to be exported during the first 18 months of activity. Our long-term plan is to set up a pelletisation unit of 50,000 metric tons per year capacity, allowing the increase of the calorific content of each export cargo. This development is likely to necessitate the intervention of financial partners.