Jul 03, 2009. /Lesprom Network/. Atikokan Renewable Fuels is now in full control over the former Fibratech Mill in Atikokan, Ontario, ForestTalk reports.
Fibratech went into receivership in November of 2007.
Atikokan Renewable Fuels plans to invest an initial $15 million to renovate the plant to produce industrial wood pellets. The company also hopes to set up an assembly plant in Thunder Bay to manufacture pellet machines for export.
When the wood pellet operation is up and running, the company anticipates 40 jobs will be created.