
Japanese firm buys stake in Pacific Bioenergy
Date: July 21, 2017
Source: PRINCE GEORGE CITIZEN by FRANK PEEBLES
One of Prince George’s flagship companies in the alternative forestry sector has gotten an international boost.
Sumitomo Corporation of Japan has acquired a 48 per cent equity interest in Pacific BioEnergy Corporation (PBEC), one of Canada’s leading producers of wood pellets. It has its head office in Vancouver but its original manufacturing facility is in Prince George on the Willow Cale Forest Service Road, built in 1994 then rebuilt and expanded in 2007.
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