Board of Directors Meeting 2021 – Day 3
September 22, 2021 at
Pinnacle Renewable Energy is one of the world’s leading manufacturers and distributors of industrial wood pellets, which are used by large-scale power generators in the UK, Europe and Asia to produce reliable renewable power, principally to fuel switch from coal, a fossil fuel.
The Company operates 10 industrial wood pellet production facilities in western Canada and one in Alabama, with an additional facility under construction in Alabama. Its pellet mills process a wide range of wood fibre (primarily forest product residuals) sourced from forestry industry partners that harvest from sustainably certified forests.
Pinnacle’s Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two shipping terminals on the B.C. coast: Pinnacle’s wholly-owned Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. Its Alabama production facility utilizes shipping facilities on the U.S. Gulf Coast.
Pinnacle is owned by Drax Group plc.
For more information, visit our website: www.pinnaclepellet.com/
Drax Group is a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses.
Drax operates a generation portfolio of sustainable biomass, hydro-electric and pumped hydro storage assets across four sites in England and Scotland. It is the UK’s largest source of renewable electricity. The company also operates a global bioenergy supply business with manufacturing facilities at 13 sites in the United States and Canada, producing compressed wood pellets for its own use and for customers in Europe and Asia.
The Group employs 3,400 people in the UK and North America.
Enabling a zero carbon, lower cost energy future is Drax Group’s purpose and in 2019, it announced a world-leading ambition to be carbon negative by 2030, using Bioenergy with Carbon Capture and Storage (BECCS) technology to remove carbon dioxide (CO2) from the atmosphere at scale whilst delivering reliable renewable electricity.
Discover more about Drax: www.drax.com