Second Japanese company signs up for Pinnacle’s pellets

Second Japanese company signs up for Pinnacle’s pellets

Wood pellets in high demand for biomass energy as Hanwa buys tonnes of business with Pinnacle

A month after Pinnacle Renewable Energy Group announced a pellet contract with a Japanese company, they’ve signed another with a second Japanese trading company.

Starting in 2022, Pinnacle will sell 75,000 tonnes of industrial wood pellets to Hanwa Co. Ltd. on a long-term, take-or-pay agreement. Hanwa plans to use the pellets for a biomass power generation plant, which will help Japan’s carbon-reduction program.

READ MORE: Pinnacle pellets to feed hungry Japanese biomass industry

“With the addition of the fourth contract of 2018 with Japanese customers, our contracted backlog is now $3.8 billion,” Robert McCurdy, the CEO of Pinnacle, said in the press release on May 22.

READ MORE: Smithers pellet plant ready to build



keili.bartlett@thenorthernview.com

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