In November 2014, Resolute cut the ribbon at a new industrial wood pellet plant in Thunder Bay (Ontario) that is now converting sawdust, a by-product of our adjacent sawmill into wood pellets, a reliable source of renewable energy.
Resolute has already signed a ten-year agreement with Ontario Power Generation to provide 45,000 metric tons of wood pellets each year for a new green power generating station in Atikokan. Atikokan’s one-unit, 207-megawatt station, will help Ontario meet its needs during peak power consumption periods on the Ontario grid.
At one time, this state-of-the-art facility burned coal, but it recently underwent a $170 million retrofit that now allows it to burn wood pellets. Unlike coal or natural gas, energy generated from wood pellets is fully replaceable and produces power that is essentially carbon-neutral. The Atikokan sawmill is currently the largest electrical power plant in North America fuelled by 100% biomass.
Part of an over $90 million investment in northern Ontario, Resolute’s new wood pellet plant has created 8 new jobs, for a total of 217 jobs including the adjacent Thunder Bay sawmill.
Wood pellets are a clean, renewable energy source, and together with other biofuel opportunities, a natural diversification target for Resolute. This project provides the opportunity to enhance the use of the wood we harvest to produce innovative products and will give Resolute some valuable manufacturing experience in commercial biomass production.