Pinnacle reports record pellet sales for 2018

By Erin Voegele
Biomass Magazine
February 25, 2019
Category: Business & Politics
Region: Canada, Canada West

Pinnacle Renewable Energy Inc. has released fourth quarter 2018 financial results, reporting record pellet sales, new long-term pellet contracts, and discussing future expansion plans. The company also discussed a recent fire at its Entwistle, Alberta, facility.  Pinnacle sold a record volume of 1.6 million metric tons of industrial wood pellets in 2018. The company also secured six new long-term contracts with customers in Japan totaling $1.9 billion last year, including an additional contract during the fourth quarter. The company also said it secured two long-term contracts with CGN Daesan Power Co. Ltd. in South Korea last year totaling $1 billion, including an additional contract in the fourth quarter.

Read More