How a factory in Germany turns wood shavings into heating pellets.

Prinz Eugen Energiepark makes them in Germany, for homes that heat without oil or gas. Invest in the factory that makes them.

  • Your own fuel at home: no gas line, no gas bill
  • No energy tax or CO2 price at all
  • Meets the new heating law
Invest now

7.50 % interest a yearSubordinated bond · from €1,000

14+ yearsof continuous operation since August 2012
2026new Amandus Kahl certified grinding mill commissioned
70,000 tof pellet production capacity a year
ISO 50001certified energy management system

Subordinated bond with qualified subordination and a pre-insolvency enforcement block. A total loss is possible. Key information document, bond terms and risk warnings free of charge at anleihe.prinz-eugen-energiepark.de

Germany’s old oil heaters need replacing.

Almost every second oil heating in Germany is older than 30 years. When one is replaced, pellet heating is one of the options the law still allows.

1 in 2

oil heating systems in Germany are older than 30 years. Many of them will have to be replaced soon.

Source: DEPV, 25.02.2026

3.65M tonnes

wood pellets used in Germany in 2025, up from 2.90M tonnes in 2021

Source: DEPI

17,500

new pellet boilers sold in Germany in 2025, 38 % more than in 2024

Source: BDH

The answer: the Prinz Eugen pellet factory.

Near Bad Arolsen, it dries, grinds and presses wood shavings into wood pellets. It has run since August 2012, on the site of the old Prinz Eugen barracks.

How the plant works: shavings delivered by truck, dried, ground and pressed, then loaded onto a tanker

The Prinz Eugen pellet factory Near Bad Arolsen

  1. 1

    Wood shavings arrive

    Delivered to the plant and stored in the domes

  2. 2

    Drying

    The shavings are dried

  3. 3

    Grinding and pressing

    Milled, then pressed into pellets

  4. 4

    Cooling and loading

    Cooled, screened, loaded for delivery

  5. 5

    Pellets sold

    To pellet dealers, households, businesses and public buildings.

  6. 6

    Pellet heating

    Blown into the cellar store and burned in winter

How shavings become pellets

Inside the plant, in 4 steps.

Others have reported on this plant.

Amandus Kahl · July 2026

The machine maker reported its new grinding mill in operation at the plant.

Read the press release →

Why pellets, and why this factory.

Pellet heating against oil heating, and this factory against a typical pellet plant.

Oil heating vs pellet heatingOil heatingPellet heating
What it burnsHeating oil made from crude oilPellets pressed from leftover wood shavings
CO2 pricePaid on every litre of heating oilNo CO2 price on wood pellets
Energy taxCharged on every litre of heating oilNo energy tax on wood pellets
A typical pellet plant vs this factoryTypical plantThis factory
Electricity per tonne180–200 kWhAbout 140 kWh
GrindingPaid on every litre of heating oilOne new mill in the wet area since 2026; two dry mills shut down
Energy managementNot certified in most casesISO 50001 certified, valid to 24.06.2027
€

Subordinated interest at 7.50 % a year, if paid

€750 a year

Bonds at €1,000 each

10 bonds

Contractual interest, if paid. You could lose all of your money.

The offer
7.50 % subordinated bond 2026/2030 (may be extended to 2034) · risk class 6 of 7 · ISIN DE000A460EE0
Company
Prinz Eugen Energiepark GmbH · Korbach, HRB 2555
Paperwork
Key information document · PDF
Bond terms · PDF
Main risks
Subordinated. You could lose all the money you invest. No ordinary notice.
Invest now

A market that orders again every winter.

Every pellet heating already installed needs new fuel every winter. The plant in Bad Arolsen, Germany, makes that fuel from wood shavings.

3.65M t

wood pellets used in Germany in 2025, up from 2.90M tonnes in 2021

Source: DEPI

17,500

new pellet boilers sold in Germany in 2025, 38 % more than in 2024

Source: BDH

777,500

pellet heating systems expected in Germany by the end of 2026

Forecast: DEPV

Where the plant and the company stand today

From the opening in August 2012 to the new mill in 2026, plus the latest published accounts.

  1. Aug 2012Openedby a juwi and Stadtwerke Mainz venture
  2. 2015Soldby juwi
  3. May 2024Company registeredPrinz Eugen Energiepark GmbH, HRB 2555
  4. July 2026New millreported in operation by AMANDUS KAHL
  5. NextEnergy-saving measuresplanned from 2027
A steel silo at the plant
70,000 tof pellet production capacity a year
7 peoplerun the plant around the clock
€4.8 mil.revenue in 2025
€199,136equity, 31.12.2024
€16.17Mtotal assets, 31.12.2024
€173,936net income 2024
€603,503interest costs in 2024

Source: 2024 accounts, as published by the company.

The people behind the factory

Zoran Aleksic runs the company, and Dieter Bornscheuer is your contact for the bond. On site, a small team keeps the plant in Bad Arolsen, Germany, running around the clock.

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Zoran Aleksic
Zoran Aleksic

Managing director

Runs the company and the plant near Bad Arolsen: production, the team on site and the energy-saving programme.

Dieter Bornscheuer
Dieter Bornscheuer

Sales and investor contact

Looks after investors: from the first question about the bond to the subscription documents.

The risks, in plain words.

1

Subordinated

If the company fails, you are paid only after its other creditors.

2

Payments can stop

While the company is over-indebted or unable to pay, or would become so by paying, you can claim neither interest nor repayment. A payment withheld for this reason is not a default.

3

Total loss possible

You can lose all of the money you invest. There is no deposit protection and no compensation scheme.

4

Risk class 6 of 7

The company rates the bond 6 on the scale of 1 to 7 in its key information document.

5

Tied up for years

You cannot give ordinary notice. The company may extend the term twice by 24 months, to 31.12.2034 at the latest.

6

Terms can change

75 % of the votes cast at a bondholder vote can change interest, term or repayment for everyone, including those who voted against.

Read the paperwork.

PDF

Key information document

PDF · in German

FREE PDF

Your key information document is ready.

Tell us where to send it. You can also download it straight away.

By requesting this document you agree that Prinz Eugen Energiepark GmbH may email you about this offer. You can opt out at any time.

PDF

Bond terms

PDF · in German

FREE PDF

Your bond terms are ready.

Tell us where to send them. You can also download them straight away.

By requesting this document you agree that Prinz Eugen Energiepark GmbH may email you about this offer. You can opt out at any time.

PDF

2024 accounts

Balance sheet and income statement · 3 pages

FREE PDF

Your 2024 accounts are ready.

Tell us where to send them. You can also download them straight away.

By requesting this document you agree that Prinz Eugen Energiepark GmbH may email you about this offer. You can opt out at any time.

PDF

ISO 50001 certificate

Certificate B-24-25776a · valid to 24.06.2027

FREE PDF

Your ISO 50001 certificate is ready.

Tell us where to send it. You can also download it straight away.

By requesting this document you agree that Prinz Eugen Energiepark GmbH may email you about this offer. You can opt out at any time.

Your questions, answered.

The full terms are in the key information document.

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What happens on the investor call?

A member of the investor team goes through the factory, the bond terms and the risks with you and answers your questions. About 20 minutes, by phone or video.

Is the call investment advice?

No. The team explains the offer and answers your questions. Whether the bond suits you is your decision.

Do I have to invest after the call?

No. The call is free, and you don’t have to invest afterwards.

How do I invest?

Fill in the online form and choose your amount, from €1,000. You then get the subscription documents and the payment details by email.

What exactly can I invest in?

A 7.50 % subordinated bond 2026/2030 of Prinz Eugen Energiepark GmbH (ISIN DE000A460EE0). Each bond is €1,000.

What does “subordinated” mean for me?

If the company runs into trouble, you are paid only after its other creditors. While the company is over-indebted or unable to pay, or would become so by paying, you can claim neither interest nor repayment.

Can I lose all of my money?

Yes. A total loss is possible. The bond is not covered by deposit protection or any compensation scheme.

Can I get my money back early?

You can’t give ordinary notice. The company may extend the term twice by 24 months, to 31.12.2034 at the latest, and may repay early at 102 % after three years.

Has BaFin checked this offer?

No. The company prepared the key information document itself, and BaFin does not supervise the company on an ongoing basis.

Could I end up with shares instead of money?

Possibly. If the company becomes an AG, it may turn the bond into a convertible bond at €33.33 per share without your consent. Conversion becomes mandatory once two of three targets in the bond terms are met.

Can the terms change without my vote?

Yes. 75 % of the votes cast at a bondholder vote can change interest, term or repayment for everyone, including those who voted against.

What will the money be used for?

The money goes into the plant: the company’s own share of planned energy-saving measures at the factory and the costs of this offer, as set out in the key information document.

Why a bond, and not a bank loan?

Banks and large investors usually only finance projects from about €15 to 50 million. Energy-saving work of a few million euros, like ours, is too small for them. A bond lets private investors take part from €1,000.

When is the interest paid?

Twice a year, as long as the subordination allows it. [[Exact dates once the corrected key information document matches the bond terms.]]

Is the factory running today?

Yes. The factory has pressed wood pellets since August 2012. In July 2026, the machine maker AMANDUS KAHL reported a newly installed grinding mill in operation there.

Questions first?

Book a call with the investor team.

Ask about the factory, the bond and the risks before you move ahead. No obligation to invest.

  1. 1 · Questions
  2. 2 · Time
  3. 3 · Booked

Question 1 of 2

What range are you considering?

Your answers help the team prepare your call. They are not an investment assessment.