Morbark and HTI Form Waste-to-Power Partnership

Morbark, Inc., a Winn, Mich.-based manufacturer of wood reduction equipment, has announced that it has formed an agreement with Kentwood, Mich.-based Heat Transfer International (HTI). HTI is a technology company providing waste-to-energy systems which create renewable energy through SALT gasification of biomass. The agreement includes a manufacturing agreement for Morbark and an equity investment in HTI.

Morbark says its investment in HTI is in line with the company’s vision of sustainable energy through responsible forestry.  “Not only will we manufacture the finest wood reduction equipment, but we’ll be producing the systems which convert wood and other organics into usable electricity and steam,” says Lon Morey, president and CEO of Morbark.  “Our agreement with HTI will allow us to do what we do best – manufacture large custom equipment systems with world class quality, and allow HTI to focus on managing the rapid growth of its exciting sustainable energy technology.” 

“We feel very fortunate to have found a manufacturing partner that understands our business and shares our visions,” says David Prouty, HTI president.  “Our two companies have synergies that will allow us both to move forward more quickly and directly.  Morbark gives us the manufacturing systems and capacity to manage many projects at the same time allowing us to keep up with the growth we expect.”