Mackenzie
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Canfor to sell Mackenzie sawmill
Canfor Corporation is selling more assets to Peak Renewables, which is in the wood pellet production business. Canfor today announced it will sell its Mackenzie sawmill operation to Peak Renewables, and has signed a letter of intent to sell the associated forest tenure to the McLeod Lake Indian Band and Tsay Keh Dene Nation. It says the combined price of the sale is $70 million. The news release does not state what Peak Renewables plans for the site and tenure. Peak Renewables does own a sawmill and OSB plant, but is also developing a wood pellet business. It's not clear if the plans are to restart sawmilling in Mackenzie or build a pellet plant. Today's announcement comes on the heels of last year's approval of the sale and transfer of Canfor tenure in Fort Nelson to Peak Renewables, which had also previously bought a shuttered sawmill for the purpose of building a new wood... Continue reading
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February 25, 2022
Canfor to sell Mackenzie sawmill
Canfor Corporation is selling more assets to Peak Renewables, which is in the wood pellet production business. Canfor today announced it will sell its Mackenzie sawmill operation to Peak Renewables, and has signed a letter of intent to sell the associated forest tenure to the McLeod Lake Indian Band and Tsay Keh Dene Nation. It says the combined price of the sale is $70 million. The news release does not state what Peak Renewables plans for the site and tenure. Peak Renewables does own a sawmill and OSB plant, but is also developing a wood pellet business. It's not clear if the plans are to restart sawmilling in Mackenzie or build a pellet plant. Today's announcement comes on the heels of last year's approval of the sale and transfer of Canfor tenure in Fort Nelson to Peak Renewables, which had also previously bought a shuttered sawmill for the purpose of building a new wood... Continue reading
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Canfor to sell Mackenzie sawmill
Canfor Corporation is selling more assets to Peak Renewables, which is in the wood pellet production business. Canfor today announced it will sell its Mackenzie sawmill operation to Peak Renewables, and has signed a letter of intent to sell the associated forest tenure to the McLeod Lake Indian Band and Tsay Keh Dene Nation. It says the combined price of the sale is $70 million. The news release does not state what Peak Renewables plans for the site and tenure. Peak Renewables does own a sawmill and OSB plant, but is also developing a wood pellet business. It's not clear if the plans are to restart sawmilling in Mackenzie or build a pellet plant. Today's announcement comes on the heels of last year's approval of the sale and transfer of Canfor tenure in Fort Nelson to Peak Renewables, which had also previously bought a shuttered sawmill for the purpose of building a new wood... Continue reading