Albioma has acquired the La Granaudière wood pellet production plant located in the Canadian province of Quebec. Ideally positioned to supply the Group's Caribbean power plants, this facility produces SBPcertified pellets from wood waste or low-grade wood from certified sustainably managed forests.
The transaction also includes a long-term agreement granting access to a 45,000-tonne pellet storage facility in the Port of Quebec, as well as raw material supply guarantees issued by Quebec's Ministry of Forests, Wildlife and Parks (MFFP). The plant, which has been out of service since July 2021, concomitantly with the receivership procedure, is due to be recommissioned in early 2022, with its nominal annual production capacity of 200,000 tonnes being achieved following some additional investments.
