Pinnacle Renewable Holdings Inc. ("Pinnacle") has commenced initial pellet production at its new production facility in Smithers, British Columbia, Canada, which is owned 70% by Pinnacle and 30% by West Fraser Timber Co. Ltd. through a limited partnership.
The facility is connected by direct rail link to Pinnacle's nearby Westview Port Terminal. Fibre supply for the facility and customer off-take agreements for its annual production have been secured under long-term contracts. Pinnacle is now gradually ramping up production at the facility and expects to reach full run-rate production of 125,000 metric tons per annum in the 3Q of fiscal 2019.
Pinnacle Renewable Holdings Inc. is a rapidly growing industrial wood pellet manufacturer.
