Posts tagged with
annual production capacity

Pinnacle Expands With Acquisition Of Alabama Pellet Plant

B.C.-based pellet producer Pinnacle Renewable Holdings is heading to the southern U.S. with the announced acquisition of an Alabama industrial wood pellet plant. Pinnacle recently announced it has entered into a definitive agreement to acquire a 70 percent interest in an operating industrial wood pellet production facility located in Aliceville, currently owned by The Westervelt […]

Pinnacle To Redevelop B.C. Particleboard Facility To Produce Pellets

Pinnacle Renewable Holdings Inc. says it’s moving forward with plans to redevelop an existing Smithers, B.C., particleboard facility to produce wood pellets. The company is redeveloping the site under the Smithers Pellet Limited Partnership, in which it owns a 70 percent interest and West Fraser Timber Co Ltd. owns the rest. Pinnacle says the facility […]

Enviva Acquires Virginia Wood Pellet Plant For $131 Million

Biomass producer Enviva Partners LP has acquired the fully-contracted Southampton County, Virginia plant for $131 million. Acquired from Enviva’s sponsor’s joint venture with affiliates of John Hancock Life Insurance Co., the Southampton plant has an annual pellet production capacity of 510,000 metric tons. The purchase was financed with $36.5 million in debt, $15.0 million in […]

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