Company Profile

Renewafuel is a leading provider of renewable energy for industrial and institutional applications. The company aggregates, engineers, and distributes coal-sized renewable energy cubes. Renewafuel's products are less expensive than most fossil fuels and will result in substantial energy savings and environmental benefits. Renewafuel is a subsidiary of Cleveland-Cliffs Inc. (NYSE: CLF) and has the resources and leadership to produce large volumes of low-cost, environmentally superior biomass fuels.

The proprietary fuels are a blend of renewable feedstock and can be sized for a particular customer's boiler or furnace application. Densified and custom-sized pellets allow immediate use in most existing solid fuel systems with minimal capital improvements. The densified biofuel is consistent in size, heat value, and moisture content and is more easily stored and used than raw biofuels.

Renewafuel's products result in lower emissions than most fossil fuels and will result in substantial reductions in greenhouse gas emissions compared to coal, natural gas and oil.