Pinnacle makes another Japanese deal

Pinnacle
June 12, 2018
Written by Pinnacle
June 12, 2018 - Pinnacle Renewable Holdings Inc. has entered into a new long-term, take-or-pay off-take contract with Hanwa Co., Ltd., a large, diversified trading company in Japan.

 

Under the terms of the contract, Pinnacle will supply 75,000 metric tons per annum of industrial wood pellets to Hanwa beginning in early 2022. The industrial wood pellets will be used by a biomass power generation plant in Japan.

"We are pleased to enter into this long-term relationship with Hanwa, as it continues to contribute to Japan's strong commitment to decarbonization," said Robert McCurdy, chief executive officer of Pinnacle. "With the addition of the fourth contract of 2018 with Japanese customers, our contracted backlog is now $3.8 billion."

Demand for industrial wood pellets in Japan is supported by the government's Feed-in Tariff system.

Add comment


Security code
Refresh

Subscription Centre

 
New Subscription
 
Already a Subscriber
 
Customer Service
 
View Digital Magazine Renew

Most Popular

Latest Events

Value of Biogas West
January 15-16, 2019
Biomass Trade and Power Europe
February 12-13, 2019
Argus Biomass Asia
March 5-7, 2019
Argus Biomass 2019
April 8-10, 2019
Waste Expo
May 6-9, 2019

We are using cookies to give you the best experience on our website. By continuing to use the site, you agree to the use of cookies. To find out more, read our Privacy Policy.