Daily News / Global Trends / Lumber / Sawmilling / Wood pellets / Wood Products / Global / North America
November 15, 2018
Canadian government to invest in a wood pellet and sawmill complex
The Canadian government revealed plans to invest $15 million in Granule 777 Inc. The funds will go towards helping the company build Canada’s first fully integrated industrial wood pellet and sawmill complex. In a news release, the government also announced a repayable contribution of $5 million to help Granule 777 buy production equipment. Once the complex is built, the mill will manufacture 210,000 metric tons of wood pellets per year; use 450,000 metric tons of biomass; and create 40 new jobs for mill operations. “We ...
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