Ontario invests $4M in wood pellet facilities
March 23, 2015
By
Andrew Snook
March 23, 2015 –Through the Northern Ontario Heritage Fund Corporation (NOHFC), the Government of Ontario will invest $4 million into Rentech Inc.’s wood pellet manufacturing facilities in Wawa, Ont., and Atikokan, Ont., to help the Northern Ontario fibre company convert its two wood product mills into facilities that manufacture wood pellets.
The facilities have created more than 60 jobs in Northern Ontario.
“The partnership and support of the Northern Ontario Heritage Fund Corporation played an important role in constructing the Atikokan and Wawa pellet facilities,” says Stephen Roberts, managing director of Rentech Canada. “We look forward to continued success in Northern Ontario, and are proud of our contribution of new jobs and local economic development.”
The facilities will turn Crown-owned wood materials that previously would not have been used or sold, into wood pellets to be used to produce electricity in local and international power production facilities.
The Wawa facility has already secured a sales contract with a U.K.-based company for their production, while the Atikokan facility will sell to the Ontario Power Generation, which phased out coal and is using sustainable resources like wood pellets to produce electricity.
“Rentech’s proposals for these two plants show innovation, business savvy and responsible management of resources,” said Michael Gravelle, Minister of Northern Development and Mines and chair of the NOHFC. “. Our government is proud to support Ontario wood products and invest in these sustainable projects that will create jobs in Northern Ontario.”
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