Forest Tenure in Fort Nelson officially transferred from Canfor to Peak Renewables
Published Thursday, November 18, 2021 9:41AM PST Last Updated Thursday, November 18, 2021 7:26PM PST
FORT ST. JOHN, B.C. -- A deal for Fort Nelson’s Forest Tenure has closed. Canadian Forest Products Ltd. (Canfor) is handing it over to Peak Renewables.
The deal included a Replaceable Forest License allowing Peak Renewables an annual cut of 553,716 cubic metres of lumber.
With the license now in place, Peak Renewables can officially proceed with their plans for a 600,000 tonne per year wood-pellet plant in Fort Nelson.
Peak Renewables purchased the Forest Tenure and mill assets in 2020 as part of a multi-year, $30-million deal. Provincial government approval was required before the deal proceeded.