Pinnacle, Westervelt, Two Rivers Come Together
Pinnacle Renewable Energy plans to build an industrial wood pellet production facility in the Southeast U.S. at Demopolis, Ala., in close proximity to its Aliceville, Ala. facility. The new mill will be located adjacent an existing large sawmill in Demopolis.
The Demopolis facility is expected to have annual production volume of 360,000 metric tons. The Demopolis facility will operate under a single partnership with Pinnacle, The Westervelt Company (TWC), and Two Rivers Lumber (TRL) holding a 70%, 20% and 10% interest, respectively.
The Demopolis facility is in the final stages of design and construction planning. Long-term fiber supply agreements have been completed with the majority of suppliers, including Westervelt and Two Rivers Lumber, which has built a new sawmill at Demopolis that will supply the new pellet mill.
RELATED ARTICLES:
Pinnacle Renewable Energy To Be Acquired By Drax Group
Latest news
UK Biomass Demand Rises; Enviva Reports New Japanese Contract
In its second quarter financial report, major industrial wood pellet producer Enviva refers to recent research conducted by Imperial College London and Drax that says biomass accounted for 11% of the United Kingdom’s power generation in 2020, the highest of any country in the world. Citing conversion…
Arbaflame Says It’s Ready To Roll
Arbaflame reports it is ready to start up the company’s first commercial full-scale factory in Kongsvinger, Norway. Arbaflame has developed patented wood pellets, which it says will replace coal and cut C02 emissions by 90%. In addition, it will produce valuable biochemicals…
Westervelt Sells Pellet Interests
Drax is acquiring Westervelt’s 20% minority interest in Alabama Pellets, LLC—the joint venture that owns pellet plants in Demopolis and Aliceville, Ala.—for $29.7 million. The acquisition increases Drax’s interest in Alabama Pellets to 90% and…
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.