Scotia Atlantic Biomass pellet plant up for grabs

The company, which is a subsidiary of Vancouver-based Viridis Energy, acquired the plant in 2012 and began producing wood pellets in 2013.

Sean MacNeil, a senior manager with receiver Grant Thornton, told the Chronicle Herald the pellet company owes its creditor about $6 million, but was unable to pay or sell the plant, mainly due to a global oversupply of wood pellets. Read the full story here.

Scotia Atlantic Biomass received a demand notice in October.

Read Canadian Biomass‘ coverage of the pellet plant re-opening in 2013 here.