Government invests $15M in integrated wood pellet and sawmill complex
Nov. 13, 2018 – The government today revealed plans to invest $15 million in Granule 777 Inc. The funds will go towards helping the company build a fully integrated industrial wood pellet and sawmill complex.
In a news release, the government also announced a repayable contribution of $5 million to help Granule 777 buy production equipment.
Once the complex is built, the mill will manufacture 210,000 metric tons of wood pellets per year; use 450,000 metric tons of biomass; and create 40 new jobs for mill operations.
“We are very excited about the construction of this innovative integrated wood pellet plant, adjacent to our Barrette-Chapais sawmill. Over the past few years, we have successfully gathered the necessary winning conditions to move ahead with this project and make it a reality,” said Granule 777 president Benoit Barrette in a press release. “We firmly believe it will be something very positive for the value-added sawmills’ co-products, the local communities and the overall forestry sector in the province.”