The plant will be built adjacent to the company's sawmill in Thunder Bay, Ont., creating approximately 24 new jobs when fully operational and improving the long-term viability of the sawmill and the approximately 350 jobs that it supports.
"Wood pellets are a clean, renewable energy source, and together with other biofuel opportunities, a natural diversification target for Resolute," said Richard Garneau, president and CEO. "This project provides the opportunity to enhance the use of our existing asset base to produce biofuel for a strategic, committed consumer and allows the company to gain valuable manufacturing experience in commercial biomass production."
Resolute will invest approximately C$10 million in the construction of the plant, adding to the investments of approximately C$120 million the company has announced for its Ontario operations since 2011.
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