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Rentech pellet plants nearing completion

August 8, 2014, Los Angeles, Calif. – Rentech’s wood pellet plants in northern Ontario are moving closer to completion, according to a statement made by the company’s CEO.


August 8, 2014
By Canadian Biomass

August 8, 2014, Los Angeles, Calif. – Rentech’s wood pellet
plants in northern Ontario are moving closer to completion, according to a
statement made by the company’s CEO.

 

D. Hunt Ramsbottom, president and CEO of Rentech, discussed
the progress of the wood pellet plants in the company’s release of its Q2 2014
financial results.

 

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“Construction of our Canadian wood pellet projects is
nearing completion, and we will begin commissioning the plants in the second
half of this year. Integration of our recently acquired New England Wood Pellet
business is going smoothly, and it is performing as well as we expected.” Mr.
Ramsbottom continued, “We are focused on execution at our operating businesses
while pushing forward on specific opportunities to significantly expand our
wood chipping and pellet businesses.”

 

The release also noted that Rentech has provided Ontario
Power Generation (OPG) with 3,300 tonnes of wood pellets from a third-party
regional pellet producer to be used for the commissioning of the power plant.
The revenues generated from the acquisition and sale of the pellets represented
the first revenues for Rentech’s industrial wood pellet division.

The company is currently constructing pellet plants in Atikokan, Ont. and Wawa, Ont. The two plants are expected to produce over 500,000 tonnes at full capacity.


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