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.

Latest news

Georgia Ports Continues Container Expansion

Georgia Ports Continues Container Expansion Georgia Ports Authority approved contracts totaling $65.6 million for container yard work at the Port of Savannah’s Ocean Terminal, a 200-acre facility just downriver from GPA’s main container port. The board approved three...

Stela Belt Dryer BT 8400

Stela Belt Dryer BT 8400 The Stela Belt Dryer BT 8400 is the next generation of belt dryers solving the biomass drying challenge. Stela Drying Technology, a global leader in low-temperature belt drying, continues to push boundaries with innovative solutions across a...

Michigan Rejects Biomass Plant Closure Request

Michigan Rejects Biomass Plant Closure Request The Michigan Public Service Commission (MPSC) recently rejected requests by Consumers Energy to end contracts and close two wood-fired biomass power plants in Cadillac and Lincoln, Mich. The company was looking to close...

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.