Pinnacle, Tolko Team Up Again
Pinnacle Renewable Energy has entered into a limited partnership agreement with Tolko Industries Ltd. to build Northern Pellet Limited Partnership, a new industrial wood pellet production facility in High Level, Alberta. The facility will use wood fiber sourced primarily from Tolko’s existing sawmill in High Level. The facility is expected to have a run-rate production capacity of 170,000 to 200,000 metric tons per year.
Pinnacle and Tolko will each own a 50% interest. They have a similar arrangement in Lavington, BC between Pinnacle’s pellet mill there and Tolko’s sawmill.
Brad Thorlakson, President & CEO of Tolko, comments, “We’re excited to once again partner with Pinnacle Renewable Energy on a project that promises to bring economic, environmental, and employment benefits to both companies and the community of High Level. When commissioned, Northern Pellet Limited will reduce our carbon footprint, secure and increase full-time permanent employment opportunities in the area, and allow us to use all our bark, shavings, and sawdust to produce pellets for growing markets.”
Pinnacle will operate the facility and manage all aspects of customer relations, marketing, sales and logistics. Tolko will supply both heat energy and fiber to the facility under long-term supply agreements. The facility, which will be built on land owned by Tolko, will begin construction in the third quarter of 2019. Initial wood pellet production
is expected to commence in fourth quarter 2020.
RELATED ARTICLES
Drax Purchase Alters Biomass Landscape
Pinnacle Renewable Energy To Be Acquired By Drax Group
Latest News
Weyerhaeuser Enhances Coastal Holdings
Weyerhaeuser Co. entered into two agreements with Forest Investment Associates to divest 69,600 acres in upstate South Carolina for $170 million, and to purchase 60,700 acres of high-quality timberlands in coastal North Carolina, South Carolina and Mississippi for $163 million…
Boise Cascade Curtails Chapman Sawmill
Boise Cascade announced an indefinite curtailment of its lumber production in Chapman, Ala. The curtailment will affect 80 positions. The plywood operations at the Chapman location are not part of the curtailment. Worker Adjustment and Retraining Notification (WARN) Act notification was provided to impacted employees and specifies that operations will cease on January 28, 2024…
WWPA’s Mathews Leaves A Legacy
James R. Mathews, known by most as Jim, was a WWPA Lumber Inspector and Master Lumberman, but is most remembered by his colleagues and those in the industry as a great friend and mentor. He died at the age of 74. Mathews spent 42 years working in the lumber industry. He began his career with Weyerhaeuser Co., Klamath Falls, Oregon in 1970. He worked in most of the planer mill positions until moving into the lumber grading department as a student grader in 1972…
Find Us On Social
Newsletter
The monthly Timber Processing Industry Newsletter reaches over 4,000 mill owners and supervisors.
Subscribe/Renew
Timber Processing is delivered 10 times per year to subscribers who represent sawmill ownership, management and supervisory personnel and corporate executives. Subscriptions are FREE to qualified individuals.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.