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
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