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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Weyerhaeuser Completes Carbon Credit Sale
Weyerhaeuser announced an agreement for the sale of nearly 32,000 forest carbon credits at $29 per credit. This agreement marks Weyerhaeuser’s first transaction in the voluntary carbon market and represents the sale of all credits issued by American Carbon Registry for the first year of the company’s Kibby Skinner Improved Forest Management (IFM) project in Maine…
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