They’ll be constructed and operated in partnership with Pacific Bio-energy Corporation.
The two plants will have a combined annual production capacity of 175,000 tonnes of wood pellets, the sale of which is tied to a long term agreement with a power utility customer.
The total investment of $58 million will include electrical self-generation capacity of three megawatts supported through the B.C. Hydro Power Smart Load Displacement Program.
The plants are scheduled to commence production in the third and fourth quarters of next year.