Pinnacle Renewable Energy’s wood pellet shipping facility at Prince Rupert. (The Northern View)

Pinnacle Renewable Energy’s wood pellet shipping facility at Prince Rupert. (The Northern View)

Japanese buyer expands wood pellet contract with B.C.’s Pinnacle

Mitsui and Co. increases contract with Interior energy producer

Japan’s major buyer for B.C. wood pellet fuel has increased its contract with Pinnacle Renewable Energy to 100,000 tonnes per year, a bright spot for B.C.’s troubled forest industry.

Pinnacle, with production facilities across the B.C. Interior, signed a new contract Thursday with Mitsui and Co., which uses the wood pellets to fire a new biomass energy project in Japan. The contract was signed at a ceremony in Vancouver, with representatives of the companies and Premier John Horgan.

“Contracts such as this will allow Pinnacle to expand operations, to hire more people and to build the type of British Columbia that we all want,” Horgan said.

“It means that we can take the wood waste that used to sit on the forest floor and lead to some of the wildest fires in recent memory, and we can take that fibre and put it to useful economic benefit.”

Pinnacle CEO Robert McCurdy described it as “an exciting day” for the company’s work in “bringing green energy to the world.” The agreement was signed by McCurdy and Fumiaki Miyamoto, CEO of the Canadian division of Mitsui and Co.

“In order to build trust we keep our word, and we always look for a win-win with our stakeholders,” Miyamoto said.

RELATED: Pinnacle pellets feed hungry Japanese energy industry

RELATED: Second Japanese company makes deal with Pinnacle

Pinnacle signed a deal with Mitsui in April to sell 70,000 tonnes per year, shipped through its export facility at Prince Rupert. Japan has worked to diversify its energy supplies since a devastating earthquake and tsunami in 2011 destroyed its nuclear plant at Fukushima and led to curtailment of nuclear power. It is also a major importer of liquefied natural gas.

Pinnacle began operations as Pinnacle Feed and Pellet in 1989, with its first plant manufacturing pellet fuel from sawmill waste in Quesnel. It began operations in Williams Lake in 2004, Houston in 2006 and Meadowbank (Hixon) near Prince George in 2008.

Burns Lake production began in 2011, and its Westview pellet export terminal at Prince Rupert began operation in late 2013. Its Lavington mill, partnering with Tolko in the North Okanagan, started in 2015.

The company went public in 2018, and soon after began a redevelopment of its Smithers pellet production facility in partnership with West Fraser Timber. That began production in late 2018.

Pinnacle added a facility in Entwistle, Alberta in 2018, and later that year entered the U.S. southeast region by buying a 70 per cent stake in a pellet plant in Aliceville, Alabama.

In September, the company advised shareholders it was feeling the effects of the forest industry downturn.

“Despite positive production gains at the Smithers and Aliceville facilities, the company’s same-facility production in the third quarter of 2019 was down over 14 per cent compared to the third quarter of 2018, primarily as a result of the sawmill curtailments,” the company said in a statement.


@tomfletcherbc
tfletcher@blackpress.ca

Like us on Facebook and follow us on Twitter.

BC legislature

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Administering naloxone to a person experiencing a benzo-related overdose event won’t help. Naloxone is used to neutralize opioids. (Jenna Hauck/The Progress file photo)
Northern Health warning drug users of potential benzo contamination

The drug does not respond to naloxone, and is being included in street drugs

Terrace continues to have a high rate of COVID-19 infections per 100,000 people, according to this map which shows data from Jan. 3 to Jan. 9. (BC Centre for Disease Control)
Terrace, Nisga’a regions continue to have high rate of COVID-19 cases

Two more exposure notices posted for Terrace schools

This concept artwork from July 2020 shows the inland port planned for the former Skeena Cellulose mill site in Terrace. (Image courtesy Hatha Callis, Progressive Ventures Group)
Terrace city council approves inland port OCP amendments

Project still requires zoning bylaw, development permit to continue

This copper frog pendant was made by Jamika Aksidan, a young Nisga’a artist who was recently recognized with an award for her work. (Photo courtesy Nisga’a Museum)
Nisga’a youth artist wins award

Award includes $500, exhibition in Nisga’a Museum

Syringe is prepared with one of B.C.’s first vials of Pfizer vaccine to prevent COVID-19, Victoria, Dec. 22, 2020. (B.C. government)
B.C.’s COVID-19 caseload stays steady with 465 more Tuesday

No new outbreaks in health care facilities, 12 more deaths

New Westminster TV production designer, Rick Whitfield, has designed an office in a box for British Columbians in need of a private workspace. (BC Box Office photo)
PHOTOS: B.C. man designs ‘box office’ solution for those working from home

‘A professionally designed workspace on your property, away from the distractions of home’

Chilliwack ER doctor Marc Greidanus is featured in a video, published Jan. 18, 2021, where he demonstrates and describes effectiveness of various styles of masks. (Youtube)
VIDEO: Emergency room doctor runs through pros and cons of various masks

‘We’ve been asked to wear a mask and it’s not that hard,’ Greidanus says.

(Pixabay photo)
VIDEO: Tip to Metro Vancouver transit police helps woman 4,000 km away in Ohio

Sgt. Clint Hampton says transit police were alerted to a YouTube video of the woman in mental distress

A woman types on her laptop in Miami in a Monday, Dec. 12, 2016, photo illustration. THE CANADIAN PRESS/AP/Wilfredo Lee
British Columbia government lax on cybersecurity practices, auditor reports

The audit did not highlight a specific threat, but it found breaches in cybersecurity are increasing globally

Cranbrook Food Bank coordinator Deanna Kemperman, Potluck Cafe Society executive director Naved Noorani and Sunshine Coast Community Services Society executive director Catherine Leach join B.C.’s new Municipal Affairs Minister Josie Osborne on a video call about B.C. gaming grants, Jan. 19, 2021. (B.C. government)
B.C. gaming grants reorganized for COVID-19 priorities

Minister highlights community kitchens, food banks

(Pixabay photo)
‘Cocaine bananas’ arrive at Kelowna grocery stores after mix up from Colombia: RCMP

Kelowna RCMP recently concluded an international drug investigation after finding cocaine in local grocers’ banana shipments in 2019

A new video from NCCIH and BC Northern Health titled ‘Healing in Pandemic Times: Indigenous Peoples, Stigma and COVID-19’ was animated by Joanne Gervais. (Photo Provided By: NCCIH Archives)
VIDEO: Stigma against Indigenous people is a ‘social sickness’

A new short animated video is aiming to educate the public on the stigmatization

A pinniped was attacked by an unseen predator off the shores of Dallas Road Monday night. (Courtesy of Steffani Cameron)
VIDEO: Seal hunting, not being hunted in video shot off Victoria waterfront

Victoria woman captures footage of pinniped activity off Dallas Road

Most Read