What LATGRAN does

LATGRAN SIA is a Latvia-based industrial wood pellet manufacturer founded in 2004 and operating as a member of the Graanul Invest group, described as the world's largest wood pellet producer with 12 factories and 2.7 Mt total capacity. LATGRAN itself operates four manufacturing facilities in rural Latvia — Jaunjelgava (opened 2005, 90,000+ t/year), Jekabpils (2008, 170,000+ t/year, also the head office), Kraslava (2011, 170,000+ t/year, railway-connected), and Gulbene (2014, close to 190,000 t/year in 2021, railway-connected) — with a combined annual production capacity exceeding 600,000 tonnes of industrial-grade 6 mm wood pellets.

The core product is a single SKU: industrial wood pellets manufactured from forestry and sawmill residues (55.72% sawmill residues and 45.48% forest management residues per 2021 data) via a multi-stage process of sorting, crushing, drying, and pressing without chemical additives. The company holds PEFC chain-of-custody, Sustainable Biomass Program (SBP), and ISO 9001/14001/45001/50001 certifications, and maintains a lifecycle-based CO2 footprint monitoring system (6.63 gCO2 eq/MJ, reducing >5% annually) established under the EU Renewable Energy Directive since 2018. Two of the four factories have direct railway links enabling efficient bulk transport of finished pellets to Baltic sea ports for ocean shipping.

LATGRAN sells 100% industrial-grade pellets under a B2B transaction model, with the majority of volumes exported outside the Baltics to power and cogeneration utilities primarily in the United Kingdom, Denmark, and the Netherlands, alongside smaller volumes to public institutions, industrial facilities, and agricultural heating operations. International sales enquiries are routed through the Graanul Invest sales team, while Baltic retail distribution runs through the Graanul.lv channel. Headcount is 120+ across the four factories and the Riga administrative office, and pricing is not publicly disclosed.

Name

LATGRAN

Legal name

SIA "LATGRAN"

Website

https://latgran.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

LATGRAN is a Latvia-based industrial wood pellet manufacturer operating four factories with 600,000+ mt annual capacity, producing 6 mm pellets from sawmill and forest residues for European utility, industrial, and public-sector buyers under the Graanul Invest group.

Ownership category

akta.pro rank

Product category

Industrial Wood Pellet Manufacturing

NAICS

Wood Product Manufacturing (321)

SIC

Lumber & Wood Products (No Furniture) (2400)

akta.pro primary industry

Wood Pellet Manufacturing (EUAAAJAA)

akta.pro secondary industries

Pellet & Wood Fuel Manufacturing (IMAMABAH), Biomass Pellets, Briquettes & Solid Bioenergy Products (industrial/residential) (IMAMALAJ), Biomass Wood Fiber, Pellets & Residuals (Bark/Chips/Sawdust) (IMADADAK), Biomass Densification & Upgrading (Pelletizing, Briquetting, Torrefaction Pre-treatment) (EUAAAFAE)

Keywords

• Wood pellets
• Industrial biofuel
• Sustainable biomass
• Wood pellet manufacturing
• Biomass fuel production

Headquarters

HQ city

Jekabpils

HQ country

Latvia

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Wood Pellet Sales: Sale of industrial wood pellets to energy producers. LATGRAN produces 600,000 mt annually, corresponding to 3,000,000 MWh of sustainable energy. 100% of production is industrial pellets, with majority exported to UK, Denmark, and Netherlands.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels3 records

Core offering

LATGRAN manufactures industrial wood pellets (6mm diameter) from forestry and sawmill residues through a multi-stage process of sorting, crushing, drying, and pressing without chemical additives. The company operates four production facilities in Latvia (Jaunjelgava, Jēkabpils, Krāslava, and Gulbene) with combined annual capacity exceeding 600,000 tonnes, supplying sustainable CO2-neutral biofuel to energy producers across Europe.

Product overview

LATGRAN is a Latvia-based wood pellet manufacturer and a member of the Graanul Invest group. The company operates four manufacturing facilities (Jaunjelgava, Jekabpils, Kraslava, and Gulbene) producing industrial wood pellets with a combined annual capacity exceeding 600,000 tonnes. The product portfolio centers on industrial-grade wood pellets (6mm diameter) manufactured from forestry and sawmill residues, representing a single unified product line rather than a multi-module software platform.

Differentiator

Problem solved

Functional benefit

Products and services

• Industrial Wood Pellets LATGRAN's core product is industrial wood pellets (6mm diameter) produced from forestry and sawmill residues without chemical additives. These pellets provide sustainable, CO2-neutral fuel for industrial customers, primarily used in power plants, cogeneration facilities, and district heating operations across Europe to replace fossil fuels.

Quantifiable outcome

• CO2 footprint of 6.63 gCO2 eq/MJ of energy in pellets
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Graanul InvestcoreStrategic or Co-development PartnerLATGRAN is a member of Graanul Invest group, the global leader in wood pellet production. The group operates in bioenergy and renewable energy production, forestry, and biomaterials development. Graanul Invest manages 12 factories with total production capacity up to 2.7 Mt.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Regional players

• Verdo: Verdo is a Danish energy company that distributes and consumes wood pellets in Denmark and is a major participant in the Aarhus-region heating market. It is comparable to LATGRAN as a counterparty in the Danish pellet market and adjacent heat-and-power supply chain.

Direct peers

• Enviva: Enviva is the world's largest producer of industrial wood pellets, supplying utility, industrial, and commercial customers in Europe and Asia from US Southeast facilities. It competes with LATGRAN for European utility offtake and operates under similar SBP/PEFC sustainability frameworks.
• Pinnacle Renewable Energy: Pinnacle produced industrial wood pellets from western Canadian facilities for export to Asia and Europe before being acquired by Drax. Its utility-scale contract portfolio and BC feedstock model are directly comparable to LATGRAN's European utility offtake strategy.
• Pacific BioEnergy: Pacific BioEnergy operates one of the largest single-site industrial wood pellet plants in Canada, producing pellets for European and Asian utility markets. Its export-focused model, terminal logistics, and SBP-certified output directly compete with LATGRAN in Atlantic pellet supply.
• German Pellets: German Pellets is one of Europe's largest wood pellet producers with deep European utility and heating exposure, headquartered in Germany. It competes with LATGRAN in the same Northern European markets (UK, Denmark, Netherlands, Germany) and is highly comparable in product and customer profile.
• Graanul Invest Group: Graanul Invest is the parent/affiliated group and the global leader in wood pellet production, operating 12 factories with combined 2.7 Mt annual capacity. LATGRAN's standalone business model most closely mirrors Graanul Invest's pellet operations, making it the most directly comparable entity.

Broad incumbents

• Stora Enso: Stora Enso is a Finnish-Swedish forest products major with industrial wood pellet production as part of its biomaterials division. Its integrated forestry base, SBP-certified pellets, and European utility customers make it a comparable broad incumbent to LATGRAN's industrial pellet business.
• Drax Group: Drax is the UK's largest renewable power generator and has integrated backwards into industrial pellet production through acquisitions of Pinnacle Renewable Energy and LaSalle Bioenergy. It is both a major European pellet customer/competitor for LATGRAN and an incumbent driving European demand.
• Södra: Södra is a Swedish forestry cooperative that has expanded into pellet production as part of a broader forest-products portfolio. Its combined forestry-feedstock integration and pellet operations make it a comparable broad incumbent to LATGRAN, which also relies on local forest-residue supply.
• UPM Biofuels: UPM's biofuels and forest-product divisions supply wood-based renewable energy products including wood pellets and residues for industrial customers in Europe. Its diversified forest-products platform and renewable-energy customers are comparable to LATGRAN's industrial pellet positioning.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LATGRAN