Drax Acquires BC’s Princeton Standard Pellet

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1425334041729-0'); });

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.

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1446841792559-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-5'); });

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

Drax Adds Rail Link

Drax Can See End Of Coal Operations

Drax Appoints White To Lead U.S.

Latest news

Cousineau Plans Rebuild After May Fire

Damage 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…

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…

Enviva Announces Acquisitions

Enviva is expanding its footprint in the south once again through acquisitions—this time with the purchase of Georgia Biomass in Waycross, Ga., which was commissioned in April 2011, with associated export terminal capacity in Savannah,…

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-4'); });

Find Us On Social

googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383679093178-1'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383682827953-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1383684651698-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1423518257203-0'); });
googletag.cmd.push(function() { googletag.display('div-gpt-ad-1423518257203-1'); });
Subscribe to Our Newsletter

Wood Bioenergy News Online hits the inboxes of subscribers in the wood-to-energy sectors.

Subscribe Now
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.

Complete the Form
Advertise

Complete the online form so we can direct you to the appropriate Sales Representative.

Contact Us