November 19, 2003 [SolarAccess.com] Statoil Denmark will become the largest supplier of wood pellets in Denmark after acquiring EcoNordic, a Danish manufacturer and supplier of biological fuels with a 40 percent market share. Hanne Lekva, vice president for the group’s new energy business development unit said that as biofuels play an important role for space heating in the Nordic energy market, Statoil is acquiring EcoNordic to become Denmark’s biggest player in the wood pellets market. To be called Statoil EcoNordic A/S, the new company is expected to have sales of Norway Kroner (NOK) 230 million (US$33 million) in 2003. The acquisition covers 40 employees as well as factories in Vildbjerg and Haastrup and the head office in ýrhus. Statoil Denmark President Poul Luxhýj said that the strategic commitment to the biomass market would strengthen the company’s position as a total supplier of energy.