VANCOUVER, June 19, 2018 /CNW/ - Pinnacle Renewable Holdings Inc. ("Pinnacle" or the "Company") (TSX: PL) will hold its annual general meeting of shareholders (the "Meeting") on Thursday, June 21, 2018 at 10:00 am (PT) / 1:00 pm (ET) at a presentation venue in the offices of McCarthy Tetrault LLP, 745 Thurlow Street, Suite 2400 in downtown Vancouver. Following the formal proceedings of the Meeting, there will be a management presentation by Robert McCurdy, CEO, Leroy Reitsma, President & COO, and Andrea Johnston, CFO.
A live audio webcast of the Meeting and accompanying slide presentation will be accessible via Pinnacle's website at: http://pinnaclepellet.com/investors/presentations-events. The webcast will be archived following conclusion of the Meeting.
Pinnacle is a rapidly growing industrial wood pellet manufacturer and distributor and the third largest producer in the world. The Company produces renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and large-scale power generators to produce renewable and reliable baseload power. Pinnacle is a trusted supplier to its customers, who require reliable, high quality fuel supply to maximize utilization of their facilities. Pinnacle takes pride in its industry leading safety practices. The Company operates seven industrial wood pellet production facilities in western Canada, a port terminal in Prince Rupert, B.C., and currently has a new production facility under construction in Smithers, B.C. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent 104% of its production capacity through 2021 and nearly 87% of its production capacity through 2026.
SOURCE Pinnacle Renewable Holdings Inc.
Pinnacle currently operates eight wood pellet production facilities throughout western Canada, and one production facility in Alabama. Pinnacle’s Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two ocean 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 Alabama production facility utilizes inland waterways to cost-effectively transport pellets for ocean shipping via the Port of Mobile on the U.S. Gulf Coast.