Flame entered the biomass market in 2019 by trading industrial wood pellets. We are engaged to assist our customers in their efforts to reduce carbon emissions by developing the use of wood-based sustainable bioenergy. We built a stable presence in the European Industrial Wood Pellets trading market leveraging on our strong commercial relationships with the Utilities in the Region and our ability to create long-term supply contracts with selected Producers. We are working to structure the same business model in the Pacific Region and we continuously study new opportunities within the sustainable biomass landscape. FLAME SA holds SBP and FSC® certifications SBP certification:

• Certificate number: SBP-06-21

FSC® certification:

• Certificate Code: CU-COC-859849
• License Code: FSC-C143286