Report: Escher Marwick Plc Series 2016-11 Notes "Chip Chip Bonds"
​Chip Chip is a company supplying premium wood chip to the UK biomass market, a product that is sustainable and environmentally friendly by producing energy with relatively low CO2 emissions, a fraction of those from fossil fuels, for example. All wood is sourcedfrom sustainable forestry management and is traceable through the Biomass Suppliers List (BSL). The sale of wood chip is actually the secondary income source and it makes the majority of profits (we estimate as much as three quarters) from the government’srenewable heat incentive (RHI) scheme. This is a 20 year contractual reve...