Pacific BioEnergy closes Prince George pellet plant
Pacific BioEnergy (PacBio) has closed its plant in Prince George, British Columbia.
The plant was shut down at 4 am on 4 March, following an announcement by PacBio in December. At the time, the company said it had reached an agreement to assign some of its assets, including the wood pellet long-term sales contracts, to Drax Group.
The closure of the PacBio pellet facility resulted in the loss of 55 direct jobs. On 14 December, PacBio’s CEO, John Stirling, commented: “Our company has been battling several challenges for the past few years.
“Sawmill closures in the region have reduced the volume of available raw materials and increased their cost significantly. Forest fires, landslides and floods have severely impacted our ability to transport our product by rail to the export terminal in North Vancouver.
“The impact has been a significant increase in operating costs. Our sales contracts have been sold to Pinnacle to mitigate the impact on our customers.”
The plant was shut down at 4 am on 4 March, following an announcement by PacBio in December. At the time, the company said it had reached an agreement to assign some of its assets, including the wood pellet long-term sales contracts, to Drax Group.
The closure of the PacBio pellet facility resulted in the loss of 55 direct jobs. On 14 December, PacBio’s CEO, John Stirling, commented: “Our company has been battling several challenges for the past few years.
“Sawmill closures in the region have reduced the volume of available raw materials and increased their cost significantly. Forest fires, landslides and floods have severely impacted our ability to transport our product by rail to the export terminal in North Vancouver.
“The impact has been a significant increase in operating costs. Our sales contracts have been sold to Pinnacle to mitigate the impact on our customers.”
