Peak Renewables Plans Alabama Wood Pellet Facility
Canadian-based Peak Renewables plans to build a 180,000 metric tons per year wood pellet mill in Dothan, Ala. The $30 million project will utilize residuals from Rex Lumber sawmills in the area.
Construction on the facility is expected to be completed by mid-2023. Peak is building the plant adjacent the SmartLam cross laminated timber plant in Dothan.
SmartLam recently announced it will add a $50 million glulam plant at its Dothan site. It will be capable of producing 84MMBF annually at full production.
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Forest Service Reveals Immediate Forest Plans
U.S. Forest Service reported it sold 2.87 billion BF of timber sales (compared to the agency target of 4 billion BF) in fiscal 2021, a decrease from 3.2 billion BF in FY 2020, according to the agency’s Fiscal Year 2023 Budget Justification document. The sold volume was valued at $197 million…
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