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
Georgia Power Seeking Biomass Plant Bids
Georgia’s Public Service Commission recently voted to allow major utility Georgia Power to solicit bids for a new 50MW biomass-powered power plant. The move is part of a Georgia Power effort to purchase more energy from a variety of sources as the company seeks to retire some of its older power generating facilities. In addition to biomass, the utility is also looking at streams turbine, battery energy storage…
Cousineau Plans Rebuild After May Fire
The owner of Cousineau Forest Products, Randy Cousineau, says the company is rebuilding after a late May fire at its wood processing facility in Henniker, NH. According to Cousineau, the fire caused $500,000 in damages at the plant that produces playground surfacing materials, biomass fuel, chips and bark mulch. The facility has brought in mobile equipment to continue some operations during a rebuild that’s complicated…
Forbes Is Sole Owner Of Brunette
Brunette Machinery Co. Inc. announced that Kirk Forbes has concluded the purchase of shares from his business partners and is now the sole owner of Brunette, which is celebrating more than 75 years in supplying the wood products business…
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.