VANCOUVER, March 12, 2018 /CNW/ – Pinnacle Renewable Holdings Inc. (“Pinnacle” or the “Company”) (TSX: PL) today announced approval to commence the redevelopment by Smithers Pellet Limited Partnership (“SPLP”) of an existing particle board facility in Smithers, B.C. to a wood pellet production facility (the “Facility”). SPLP is a limited partnership in which West Fraser Timber Co. Ltd. (“West Fraser”) (TSX: WFT) has a 30% and Pinnacle has 70% interest.
The Facility, which is connected via direct rail link to Pinnacle’s Westview Port Terminal, will have an annual production capacity of 125,000 metric tons. Initial wood pellet production at … Continue Reading