Pinnacle Renewable Holdings Inc. (TSX: PL) is the parent company of operating company Pinnacle Renewable Energy Inc. (“Pinnacle” or “the Company”). Pinnacle is one of the world’s leading manufacturers and distributors of industrial wood pellets, which are used by global utilities and large-scale power generators as a fuel to produce renewable and reliable baseload power. The Company currently operates seven wood pellet production facilities throughout B.C. that process a wide range of wood fibre (primarily forest product residuals) sourced from forestry industry partners that harvest from sustainably certified forests. Pinnacle’s production facilities are all located on major rail lines allowing for efficient rail transport to one of two shipping terminals on the B.C. coast: Pinnacle’s wholly-owned Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. The Company takes pride in its industry leading health and safety practices. Pinnacle has entered into long-term take-or-pay contracts with utilities in the UK, Europe and Asia that represent 100% of its production capacity through 2021 and nearly 80% of production capacity through 2026. The Company is currently commissioning a new production facility in Entwistle, Alberta and has recently started construction on a new production facility in Smithers, B.C. to meet growing customer demand.
Each of our production facilities is located in close proximity to key fibre suppliers throughout B.C. and they are all located on major rail lines, ensuring efficient bulk transport of our wood pellets to one of two shipping terminals.