Wood fibre inventory for future pellets

Jan.
15, 2010, Roddickton-Bide Arm, NL – The government of Canada is providing $1.18
million to assist Northern Peninsula Forest Resource Association Inc of
Newfoundland in developing an inventoried wood lot in support of a new wood
pellet facility located in the town of Roddickton-Bide Arm. The funding for the
project comes from the Community Adjustment Fund.

“This
initiative represents a strategic investment in a project that will assist the
development of a new wood pelletizing plant which is expected to start
production in the fall of 2010 and which brings important value-added capacity
to the regional forest industries sector,” says Senator Fabian Manning on
behalf of the Honourable Peter MacKay, minister responsible for Newfoundland
and Labrador.

As
a strategic complement to the new wood pellet facility, the project is of
importance to some 20 local business operations that employ approximately 150
people in the forest industry. Business and community leaders in the
Roddickton-Bide Arm area have identified this project as a strategic
opportunity to support the creation of additional employment in the region. The
inventory of wood fibre will serve as feedstock for the local wood pelletizing
facility, which will produce pellets for both the domestic and international
markets.