Newfoundland continues talks with Rentech

August 28, 2014, St. John’s, Nfld. – The Government of
Newfoundland and Labrador is continuing its discussions with Rentech about the
potential for a new pellet plant in the province just as New Brunswick boosts
its efforts to attract the pellet industry.

According to a report from The Telegram, discussions with
Rentech about a pellet plant for the province have returned to the forefront
after the Government of New Brunswick announced plans for a $400,000 wood
pellet plant feasibility study.

The Government of Newfoundland and Labrador had invested
upwards of $10 million into the new Holson Forest Products pellet plant in
Roddickton, but that plant has been idled due to a reported lack of storage and
port infrastructure.

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