Kitwanga Lumber has been purchased by Pacific BioEnergy
Sep 03, 2009. Pacific BioEnergy Corporation has hopes of expanding its wood pellet and biomass energy business by purchasing the assets of Kitwanga Lumber Company. Details of the asset sale have not been publicly disclosed.
Sep 03, 2009. /Lesprom Network/. Pacific BioEnergy Corporation (PBEC) has hopes of expanding its wood pellet and biomass energy business by purchasing the assets of Kitwanga Lumber Company (KLC), as ForestTalk reported.
The Kitwanga Lumber Company stopped operating their Kitwanga, British Columbia mill in the fall of 2008. When operating, the mill produced about 36 million board feet of various dimension lumber products for US and export markets on one shift and consumes about 150 thousand cubic metres.
PBEC plans to develop a new wood pellet production facility in the region that is expected to create considerable employment during construction as well as in excess of 50 permanent new jobs in production, harvesting, hauling and reforestation of additional fibre required for the new plant. KLC will be a cornerstone provider of the fibre required for the new pellet plant.
Details of the asset sale have not been publicly disclosed.