The growing popularity of energy pellets is providing Pinnacle Renewable Energy with more expansion plans, with the British Columbia based company moving forward with plans to build a new industrial wood pellet facility in High Level, Alberta.
The new venture will be a 50/50 partnership between Pinnacle and Tolko Industries and will source fibre from the existing sawmill that Tolko has in High River. The facility is expected to have a run-rate production capacity of up to 200,000 metric tons per year.
"We look forward to expanding our business relationship with Tolko, growing our production platform in Alberta and further diversifying our regional fibre supply. We have established a strong working relationship with Tolko through the construction and operation of our jointly-owned Lavington, B.C. production facility, which was completed safely, on-time and on-budget. Our partnership with Tolko offers Pinnacle the ability to diversify the business further and position the Company well to implement our growth strategies." -- Robert McCurdy, Chief Executive Officer of Pinnacle.
The High River location places it in proximity to the CN Northern Line and its access to the Port of Prince Rupert, which would make the Westview Terminal a logical location for shipment of the product to global markets.
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| More production for Pinnacle Pellet could bring more shipments out of the Westview Terminal in Prince Rupert |
The increased production levels and ongoing expansion by Pinnacle across British Columbia and Alberta should help to keep current employment levels consistent at the Prince Rupert terminal and add to the volume of work in the months and years to come as the new facilities come on line and begin production.
Further background on yesterday's announcement can be explored here.
For more items of note related to the Pinnacle terminal in Prince Rupert and the company's expanding footprint in Western Canada see our archive page here.
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