JV signed for Canadian wood pellet plant

Pinnacle Renewable Energy and Coast Tsimshian Resources (CTR) have signed an agreement to build a new wood pellet plant in British Columbia, Canada.

'A wood pellet plant provides a solution for low-end fibre that is sustainable and makes the best use of our forest resources,' CTR board chair Garry Reece was reported to have said.

Pinnacle already owns six wood pellet production facilities in British Columbia, in addition to a newly built pellet terminal at the Port of Prince Rupert.