Pacific BioEnergy,Pinnacle Renewable Energy
Date: 2022-01-12
In Canada, Prince George, B.C.-based woody biomass pellet manufacturer Pacific BioEnergy Corporation reports that following an agreement to assign some of its assets -- including long-term wood pellet sales contracts -- to Pinnacle Renewable Energy Inc., part of the UK-based Drax Group plc the PacBioEenergy pellet plant in Prince George will close permanently at a date to be announced this year. (Source: Pacific BioEnergy Corp., PR, Dec, Jan., 2022) Contact: Pacific Bioenergy Corp, (250) 562-7229, www.pacificbioenergy.ca; DRAX, Will Gardiner, CEO, +44 (0) 1757 618381, www.drax.com; Pinnacle Renewable Energy, Duncan Davies, CEO, 604.270.9613, 604.270.9914--fax, www.pinnaclepellet.com

More Low-Carbon Energy News Pacific BioEnergy,  Wood Pellet,  DRAX,  Pinnacle Renewable Energy ,  

DRAX, Pinnacle Renewable Energy
Date: 2021-04-19
Following up on our 17 March covereage, UK-based energy company DRAX is reporting closing of its previously reported purchase of B.C.-based wood pellet producer Pinnacle Renewable Energy Inc.

With the purchase, DRAX becomes the world's leading sustainable bioenergy generation and supply company, operating across North America, the UK, Europe and Asia. The purchase of Pinnacle's 11 sites will increase DRAX' operations to 17 pellet plants and development projects and boosts its production capacity to 4.9 million from 2.9 million. DRAX will also gain a terminal in Prince Rupert.

Pinnacle will operate as a subsidiary of DRAX and remain headquartered in British Columbia. (Source: DRAX, PR, Yahoo, 17 Apr., 2021)) Contact: DRAX, Will Gardiner, CEO, +44 (0) 1757 618381, www.drax.com; Pinnacle Renewable Energy, Duncan Davies, CEO, 604.270.9613, 604.270.9914--fax, www.pinnaclepellet.com

More Low-Carbon Energy News DRAX,  Woody Biomass,  Pinnacle Renewable Energy,  

DRAX, Pinnacle Renewable Energy
Date: 2021-03-17
Further to our 8 Feb., coverage, UK, Yorkshire-based power station operator Drax Group reports its indirect, wholly-owned subsidiary Drax Canadian Holdings' previously announced acquisition of Vancouver, British Columbia-based wood pellet producer Pinnacle Renewable Energy is moving forward.

The deal, which is subject to shareholder approvals, is expected to add 2.9 million tpy of biomass power production capacity to DRAX group and significantly reduce its average cost of production. (Source: DRAX, PR, Website, 15 Mar., 2021) Contact: DRAX, Will Gardiner, CEO, +44 (0) 1757 618381, www.drax.com; Pinnacle Renewable Energy, Duncan Davies, CEO, 604.270.9613, 604.270.9914--fax, www.pinnaclepellet.com

More Low-Carbon Energy News Wood Pellet,  DRAX,  Woody Biomass,  Pinnacle Renewable Energy,  

DRAX, Pinnacle Renewable Energy
Date: 2021-02-08
UK-headquartered DRAX Group is reporting a £226 million agreement for its wholly-owned subsidiary DRAX Canadian Holdings' acquisition of British Columbia-based wood pellet producer Pinnacle Renewable Energy. The deal, which is subject to DRAX shareholder, regulatory approval and other customary conditions, is expected to close in Q3 this year.

According to the release, DRAX and Pinnacle combined will have 17 wood pellet plants, 3 major fibre baskets, 4 deep water ports, 4.9 Mt capacity from 2022 with 2.9 Mt available for self-supply, 2.6 GW of renewable biomass generation, with potential for BECCS, global growth opportunities for sustainable biomass. (Source: DRAX, Website, Various Media, 8 Feb., 2021) Contact: Pinnacle Renewable Energy, Duncan Davies, CEO, 604.270.9613, 604.270.9914--fax, www.pinnaclepellet.com; DRAX, Will Gardiner, CEO, +44 (0) 1757 618381, www.drax.com

More Low-Carbon Energy News Wood Pellet,  DRAX,  Woody Biomass,  Pinnacle Renewable Energy,  

Pinnacle Renewable Energy
Date: 2021-01-11
British Columbia-based wood pellet producer Pinnacle Renewable Energy is reporting an extension of a long-term, take-or-pay off-take contract with Japan-headquartered Mitsubishi Corporation Ltd. Under the terms of the extension, Pinnacle will supply 80,000 to 90,000 metric tpy of industrial wood pellets to Mitsubishi beginning in Q1 2023. The industrial wood pellets will be used by a biomass power generation plant in Japan.

Wood pellet usage in Japan has continued to grow alongside the build-out of biomass generating capacity there, providing Pinnacle with a geographically advantaged opportunity to continue expanding in this market, according to the release. (Source: Pinnacle Renewable Energy, Website, PR, 7 Dec., 2020) Contact: Pinnacle Renewable Energy, Duncan Davies, CEO, 604.270.9613, 604.270.9914--fax, www.pinnaclepellet.com; Mitsubishi Corp., www.mitsubishicorp.com

More Low-Carbon Energy News Pinnacle Renewable Energy,  Wood Pellet,  Woody Biomass,  Biomass Power,  Mitsubishi Corp,  

Pinnacle Renewable Energy
Date: 2020-11-11
Vancouver-headquartered Pinnacle Renewable Energy Inc. is reporting a record 587,000 metric tons of wood pellet production during Q3, 2020 -- up 13 pct when compared to the Q2 of this year and up 33 pct when compared to Q3, 2019.Download the full report HERE.

Pinnacle produces sustainable industrial wood pellet fuel for large-scale thermal power generators. The company operates eight industrial wood pellet production facilities in western Canada and one in Alabama, and owns a port terminal in Prince Rupert, B.C. Pinnacle also has long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent an average of 108 pct of its production capacity through 2026. (Source: Pinnacle Renewable Energy, Website PR, 9 Nov., 2020) Contact: Pinnacle Renewable Energy, (604) 270-9613, investors@pinnaclepellet.com, www.pinnaclepellet.com

More Low-Carbon Energy News Pinnacle Renewable Energy ,  Wood pellet,  

Pinnacle Renewable Energy
Date: 2020-06-22
In British Columbia, Vancouver-based Pinnacle Renewable Energy reports its Williams Lake facility has rebooted operations following months of capital upgrades.

The completed upgrades included equipment that can process wetter fiber. Instead of primarily relying on the shavings and sawdust of sawmills, the plant can also process up to 80,000 additional tpy of woody biomass debris, damaged and dead wood.

Between upgrades at the Williams Lake facility and the previously reported work on its Meadowbank facility in Quesnel, the company has invested roughly $30 million in the region over the past year.

(Source: Pinnacle, PR, Biomass Mag., 22 June, Contact: Pinnacle, Robt. McCurdy, CEO, (604) 270-9613, investors@pinnaclepellet.com, www.pinnaclepellet.com

More Low-Carbon Energy News Pinnacle,  Woody Biomass,  Wood Pellet,  

Pinnacle Renewable Energy
Date: 2020-01-20
In British Columbia, Vancouver-based Pinnacle Renewable Energy reports it has inked a new 40,000 deadweight-ton ship charter for the delivery of its industrial wood pellets from British Columbia, Canada to customers in Japan where it has signed three wood pellet contracts within the last six months, according to the company release. (Source: Pinnacle Renewable Energy, Bioenergy, 20 Jan., 2020) Contact: Pinnacle Renewable Energy, Pinnacle Pellet, Robert McCurdy, CEO, (604) 270-9613, investors@pinnaclepellet.com, www.pinnaclepellet.com

More Low-Carbon Energy News Pinnacle Renewable Energy,  Woody Biomass,  Wood Pellet,  

Westervelt,Pinnacle Renewable Energy
Date: 2019-12-30
In "The Heart of Dixie", Tuscaloosa-based Westervelt Co. reports it is partnering with Vancouver, B.C.-based Pinnacle Renewable Energy to construct a woody biomass-wood pellet production plant in the city of Demopolis. The 360,000 metric tpy plant is aiming for an early 2021 startup, according to a statement.

Pinnacle will reportedly hold a 70 pct stake in the plant, Westervelt will hold 20 pct and Two Rivers Lumber Co. which will supply the plant with sawmill waste for pellet production, will hold the remaining 10 pct. (Source: Westervelt Co., Various Media, San Francisco Chronicle, 28 Dec., 2019) Contact: Westervelt, Brian Luoma, CEO, 205-562-5800,www.westerveldtlumber.com; Pinnacle Renewable Energy, Pinnacle Pellet, Robert McCurdy, CEO, (604) 270-9613,investors@pinnaclepellet.com, www.pinnaclepellet.com

More Low-Carbon Energy News Westervelt,  Pinnacle Renewable Energy ,  Wood pellet,  

Pinnacle Renewable Energy
Date: 2019-12-16
In British CVolumbia, Vancouver-based Pinnacle Renewable Energy is reporting a three-year fiber supply agreement with forest management company Alkali Resource Management Ltd. (ARM) under which ARM will process, store and deliver woody biomass harvest residuals to Pinnacle for use at its Williams Lake facility in British Columbia.

Pinnacle produces sustainable industrial wood pellet fuel for large-scale thermal power generators as a greener alternative to produce reliable baseload renewable power. The Company operates eight industrial wood pellet production facilities in western Canada and one in Alabama, and owns a port terminal in Prince Rupert, B.C. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent an average of 108% of its production capacity through 2026. (Source: Pinnacle Renewable Energy Inc., PR,CNW, 16 Dec., 2019) Contact: Pinnacle Renewable Energy, 877-737-4344, investors@pinnaclepellet.com, , www.pinnaclepellet.com

More Low-Carbon Energy News Pinnacle Renewable Energy news,  Woody Biomass news,  Wood Pellet news,  

Pinnacle Renewable Energy
Date: 2019-07-15
Richmond, British Columbia-headquartered woody biomass pellet producer Pinnacle Renewable Energy Inc is reporting a new long-term, take-or-pay off-take contracts with Mitsubishi Corporation, a global integrated business enterprise in Japan and with GS Global Corporation, a biomass power producer in that country.

Under the terms of the Mitsubishi contract, Pinnacle will supply 110,000 to 120,000 metric tpy of industrial wood pellets beginning in 2021. For the Sout hKorean contract, Pinnacle will supply 100,000 metric tpy of industrial wood pellets to GS beginning in 2022.

Pinnacle Renewable Energy is a rapidly growing industrial wood pellet manufacturer. The company produces sustainable fuel for renewable electricity generation in the form of industrial wood pellets, according to the company. (Source: Pinnacle Renewable Energy, PR, Lesprom Network, 15 July, 2019) Contact: Pinnacle Renewable Energy, Pinnacle Pellet, Robert McCurdy, CEO, (604) 270-9613, www.pinnaclepellet.com

More Low-Carbon Energy News Pinnacle Renewable Energy,  Woody Biomass,  Wood Pellet,