Investor withdraws $20 mil from wood pellet plant project They scrapped its plan plant using microwaving tech. called torrefaction .
July 01, 2014, PORTLAND, Maine — An investment firm has withdrawn at least $20 million it considered committing to Thermogen Industries, the company created and managed by Cate Street Capital that plans to build a high-tech $140 million wood pellet plant in Millinocket. Portland-based CEI Capital Management, the for-profit subsidiary of Coastal Enterprises Inc., sa..