Drax Acquires BC’s Princeton Standard Pellet
Drax Group has signed an agreement with Princeton Standard Pellet Corporation (PSPC) to acquire its pellet plant in Princeton, British Columbia, Canada. The acquisition is expected to be complete in the third quarter of this year. The plant, which has been operating since 1995, has the capacity to produce 90,000 tonnes of wood pellets a year, primarily from sawmill residues. Around half of the output from the plant is currently contracted to Drax.
The plant is located close to the Group’s Armstrong and Lavington plants and the port of Vancouver, and has 32 employees, who are expected to join Drax. Following completion of the acquisition the plant is expected to contribute to the Group’s strategy to increase pellet production to 8 million tonnes a year by 2030.
RELATED ARTICLES:
Drax Participates In Parade To Celebrate ‘Pen Friends’
Drax Officially Opens Demopolis Pellet Plant
Drax Gets Satellite Pellet Plant Going
Pinnacle Renewable Energy and Drax Biomass Combine, Rebrand to Drax
Drax Supports United Way’s Latest Efforts
Construction Ongoing At Drax Pellet Plants
Drax Satellite Mills Go With BE&E
Westervelt Sells Pellet Interests
Drax Announces $40M Investment In Arkansas
Drax Sets Sights On Carbon Capture
Pinnacle Renewable Energy To Be Acquired By Drax Group
Earthworm, Drax Working Together
Latest news
Machine Innovator Neil Peterson Dies
A memorial service was held October 29 in Pleasant Hill, Ore. for forest machinery pioneer and innovator Neil Peterson, the driving force behind Peterson Pacific Corp. that revolutionized in-woods and mobile delimbing, debarking and chipping. Peterson was not just a pioneer in his field but also a generous philanthropist, a guiding force for his team, and a beacon of opportunities for his employees…
Sustainable Forests Report Has Mixed Results
Released in September, the “National Report on Sustainable Forests, 2020” from the U.S. Dept. of Agriculture (USDA) and Forest Service (FS) shows both good and challenging trends as the nation’s forestland owners seek sustainable ownership and management options. The fourth such effort since 1997, the report is 60 pages…
Forest Service Looks At Carbon Capture
U.S. Dept. of Agriculture’s Forest Service announced a Notice of Proposed Rulemaking (NPRM) that would allow the agency to consider proposals for potential carbon capture and sequestration projects on national forests and grasslands. This proposal would harmonize the framework between the federal government’s two largest land managers by aligning with regulatory structures already…
Find Us On Social
Subscribe to Our Newsletter
Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.
Subscribe/Renew
Wood Bioenergy is published and delivered worldwide 6 times per year. Free to qualified readers in the U.S. Subscribers outside the U.S. are asked to pay a small fee.
Advertise
Complete the online form so we can direct you to the appropriate Sales Representative.