Participate in the construction of a wood pellet manufacturing plant in northern France!
The Sud-Avesnois BioPellets project, developed by Jeferco in partnership with Thermofidev and Atlante Gestion, involves the construction of a wood pellet manufacturing plant located in France in the Nord department (59). By valorizing waste from the wood industry (sawmills and forestry operators), this facility contributes to reducing dependence on fossil fuels and to the relocalization of French energy production.
The company is seeking to raise €1.8 million. The funds raised will be used to finalize construction contracts with a view to starting work in the last quarter of 2025. The project has obtained the necessary administrative authorizations (free of any appeals) and has received expressions of interest from industrialists to purchase the entire production on a long-term basis. This Enerfip financing will be repaid within 18 months through the implementation of long-term bank debt financing for the project, scheduled for the end of 2025.
Enerfip has already worked with the project holders for a similar plant, Picardie Granulation, in mid-2023.
More information about the sponsors in the project holder tab
With a production capacity of 120,000 tons per year of wood pellets for residential and industrial use, the Sud-Avesnois BioPellets plant will allow households equipped with a pellet stove to avoid emitting 111,132 tons of CO₂ per year compared to gas heating.
*Heat value of wood pellets: 4.9 kWh/kg, carbon intensity of wood pellets: 0.0320 kg CO₂e/kWh, carbon intensity of gas heating: 0.221 kg CO₂e/kWh (Ademe)

3D plan of the Sud-Avesnois BioPellets plant© Jeferco
The offer
Jeferco, a French company based in Lille, offers an investment opportunity in the financing of a wood pellet manufacturing plant named Sud-Avesnois BioPellets located in Anor in the Nord (59) and grouped within the company Jeferco Pellets SAS.
The crowdfunding operation for this project aims to raise up to 1.8 million euros in the form of bridge debt.
These funds will be used by the project holder to finance the final pre-construction stages.
Investors benefit from a first-rank pledge on the company holding the project to be financed.
The repayment of the obligations will take place through the obtaining of senior debt from conventional banking institutions. Letters of interest from French regional banks have been received (for approximately 150% of the senior financing need).
Specifications
Investment phases
- Investment open to everyone
End of project financing
The closing date for contributions may be extended at the request of the project owner.
The return on your investment will be calculated from the date the subscription certificates are generated, i.e. once all the funds have been received and the legal documentation has been signed by the project owner.
Resources
Simulator
Investment simulation
Sud Avesnois BioPellets - Obligation 8%/year over 1.5 year
Simulation - Rate : 8% / year on 1.5 ans
Initial investment:
€1,000
Repayments and interest:
€1,120
In 2 transfers
Date | Interest* | Capital | Amount |
20/07/2026 | €80 | €0 | €80 |
20/01/2027 | €40 | €1,000 | €1,040 |
Total | €120 | €1,000 | €1,120 |
*Gross interest before tax, including all fees (view taxation) The result presented is not a forecast of the future performance of your investments. It is only intended to illustrate the mechanics of your investment over the investment period. The evolution of the value of your investment may vary from what is shown, either increasing or decreasing. |
The project
Wood Pellet Manufacturing Plant in Anor
The Sud-Avesnois BioPellets project is a ready-to-build wood pellet manufacturing plant that will be located in the commune of Anor in the Nord department (59).
Developed since 2014, the project has obtained all the necessary authorizations for its implementation: Environmental Authorization, Modification Notice, and Building Permit.
The future pellet production plant will have a production capacity of 120,000 tons per year. Although the average pellet consumption depends on several factors (size of the residence, insulation, weather, desired thermal comfort), it is estimated that the annual consumption of a household is 1.5 tons. This production tool will therefore have the capacity to cover the needs of approximately 80,000 households equipped with a pellet stove.
The plant is expected to create just over thirty non-relocatable direct jobs.
Wood Pellets
Pellets, are small cylinders of wood (ranging from 10 to 30 mm in length, with a diameter of 9 mm), made from the compaction of wood by-products. They are manufactured from natural waste (from sawmills and/or forestry operators), which is refined, dried, and then assembled under high pressure. Thus, no tree is specifically cut down for their manufacture.
1. An Economical Heating Solution
evolution of energy cost in cents including tax per kilowatt hour
source : Propellet
Despite an energy price crisis in 2022 (which has since returned to normal), heating with wood pellets is significantly cheaper compared to electricity, propane gas, heating oil, or natural gas.
2. An Ecological Heating Solution
Unlike fossil fuels, such as gas or oil, which take millions of years to replenish their stock, the wood resource regenerates quickly, which does not result in a significant increase in atmospheric CO2 concentration over the resource regeneration period. The carbon footprint is low, meaning that the amount of carbon dioxide released during combustion is practically the same as when a growing tree absorbs this amount of carbon dioxide. Consequently, carbon dioxide emissions are reduced by more than 90% compared to heating oil. Additionally, the production of wood pellets is based on waste from forestry activities and related industries.
3. A Local Heating Solution
Evolution of wood pellet production and consumption in France
source : Propellet
The French consumption of pellets is higher than the production. Therefore, there is an interest in creating production tools on the territory to strengthen France’s energy independence. Wood pellets manufactured in France are subject to strict quality standards, ensuring a high-performance and reliable product. By purchasing locally, you benefit from complete traceability, ensuring that the pellets come from sustainable and responsible sources. Certifications such as DINplus or ENplus attest to this quality.
Moreover, the procurement strategy for this project involves sourcing raw materials within a 150 km radius of the manufacturing plant. Several letters of intent have been received from suppliers of forestry waste and sawmills as part of the supply of this plant.
4. A Simple Heating Solution
Technological advancements over the past few decades have made pellet stoves reliable and efficient, requiring only a supply of quality pellets and basic regular maintenance. The autonomy of stoves can reach up to 3 days, and that of boilers up to 1 year. For pellet stoves, the bags of pellets weigh between 10 kg and 15 kg. They are easily storable in a garage, protected from humidity, and avoiding direct contact with the ground. For a pellet boiler, the minimum space required for storage is approximately 1 m3. There are optimized turnkey solutions such as textile silos that can be positioned up to 20 m from the boiler.
Many industries are also converting their gas, oil, or coal boilers to pellet boilers to meet decarbonization and carbon quota objectives, thus multiplying the commercial outlets for the project.
To learn more about wood pellets: Propellet (National Association of Wood Pellet Heating Professionals)
Wood Pellet Manufacturing Process
Wood pellets are made from by-products of sawmills, such as wood cuttings, sawdust, or wood chips, as well as forestry waste such as tree tops, small branch residues, and low-diameter thinning wood. The pellet manufacturing process allows the compaction of sawdust and chips to make them usable for pellet boilers and stoves. This process consists of several steps to produce high-quality, high-performance pellets that meet standards.
1. Bark Removal
First, the various cutting waste is separated from its bark.
2. Grinding
All inputs are ground to obtain fine sawdust.
3. Drying
The obtained sawdust is dried using a biomass boiler (also fueled by wood waste) to control the moisture content, which must be less than 10%.
4. Dry Grinding
A second grinding step is performed with the dry sawdust.
5. Compaction
The sawdust is then compacted by a special press to form the pellets. This high pressure allows the cohesion of the pellet without any binder or additive.
6. Cooling
The pellets are cooled (the action of the press heats them) and sieved to remove all dust.
7. Storage
8. Packaging
The pellets are packaged in bags or in bulk for specific use.
Impact
Project owners
🤝 Partnership Agreement with Atlante Gestion and Thermofidev
The company Jeferco, developer of the project and holder of the authorizations, signed in May 2024 a memorandum of understanding with Atlante Gestion and Thermofidev to establish a partnership in which these two actors:
-
take charge of the construction and operation of the plant
-
define the terms of taking over the entire project capital at the time of project financing.
Atlante Gestion and Thermofidev would acquire the entire project at 70% and 30% respectively.
👨💼 Atlante Gestion: Independent Portfolio Management Company
Atlante Gestion is a portfolio management company (approved by the Financial Markets Authority) that raises funds from institutional investors, pension funds, insurance companies, and private investors, and invests them in real assets in the sectors of:
- energy transition (including solar, biogas, biomass, granulation)
- infrastructure
- decarbonization of maritime transport.
Atlante Gestion currently manages nearly 1 billion € in assets in the infrastructure (Fonds Atlante Infrastructures 1) and energy transition sectors.
👷 Thermofidev: Biomasse Specialized Project Management Assistance
Thermofidev is a Project Management Assistance company founded by Jean-François Saujet and Simon Linéatte with 55 years of combined experience.
The teams of Atlante Gestion & Thermofidev have already completed a wood pellet production project: Picardie Granulation, located in Chaulnes in Somme, with a capacity of 100,000 tons per year. This project was the subject of a successful crowdfunding campaign on Enerfip in mid-2023.
This project is currently in the acceptance phase, and Thermofidev is developing the Sud-Avesnois BioPellets project alongside Atlante Gestion to leverage their experience.
Our analysis
Risk overview
Development risk
Risk relating to authorizations issued to the company and land, and third-party appeals against authorizations issued.
Mitigation methods
The Anor Granulé project is in its final phase of development. The land is secured via a memorandum of understanding, and the building permit has been obtained and cleared of all appeals, thus eliminating the legal risk associated with the administrative process. The remaining stages mainly concern the finalization of EPC and O&M contracts, the conversion of LOIs (letters of intent) into firm contracts, and the payment of connection and application fees for public subsidies. Atlante Gestion and Thermofidev consider that the remaining milestones are under control. In the event of exceptional delays preventing work from starting before the permit expires, a request for a one-year extension may be submitted. In addition, Enerfip has pledged the issuer's shares as collateral in the event of an unfavorable scenario.
Market risk
Risk of falling prices leading to a drop in income.
Mitigation methods
As part of the project's development, a number of market studies were carried out, highlighting the region's suitability as a location for a pellet plant, with demand having risen sharply in recent years. The ideal location of the plant should also enable the company to purchase its raw materials from neighbouring countries in the event of an unfavourable situation in the region. To ensure fixed pellet sales prices, the company plans to sign three-year contracts, guaranteeing income over several years. However, pellet sales and raw material purchase prices will only be determined and fixed from the date of final signature of the contracts, on the basis of the market prices in force at that time. In addition, in a downturn scenario, the business model provides for a pellet selling price of €260 per tonne, based on forecast inflation of 2%. In 2024, the average selling price per tonne of pellet on the market was between €350 and €400. The prices of recent months therefore support the basic assumption of a sales price of €285 per tonne, which would imply a significant fall in the market or an increase in competition.
Investing in this participatory financing project involves risks, including the risk of total or partial loss of the capital invested. Your investment is not covered by the deposit guarantee schemes established in accordance with directive 2014/49/EU of the European Parliament and of the Council. Your investment is also not covered by the investor compensation schemes established in accordance with Directive 97/9/EC of the European Parliament and of the Council. Return on investment is not guaranteed. This is not a savings product, and we recommend that you not to invest more than 10% of your net assets in participatory finance projects. You may not be able to sell the investment instruments when you wish. If you are able to sell them, however, you may incur losses.