Pinnacle and Tolko to build a new industrial wood pellet production plant in Canada
Pinnacle Renewable Holdings entered into a limited partnership agreement with Tolko Industries Ltd. to build a new industrial wood pellet production facility in High Level, Alberta, Canada. Initial wood pellet production at the facility is expected to commence in the fourth quarter of 2020. The capital cost of the Facility is expected to be approximately $54 million, with 50% funded by Pinnacle and 50% by Tolko. According to the announcement, under the terms of thepartnership, Pinnacle will operate the Facility and manage all aspects of customer relations, marketing, sales, and logistics. At the same ...
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