Japan’s Sumitomo Corp Acquires 48% Stakes in Canada’s Wood Pellet Facility

Japanese company Sumitomo Corporation has acquired approximately 48% equity interest of Canada’s Pacific BioEnergy Corporation (PBEC). PBEC in turn has also bought 34% minority interest in Pacific BioEnergy Limited Partnership (PBLP) – giving it 100% ownership of the Prince George manufacturing facility.

Sumitomo Corp has several power generation plants in Japan and it imports a sizeable amount of wood pellets to fuel its biomass power plants  in the country. This acquisition by Sumitomo is to ensure stable supply of renewable biomass feedstock for its several biomass plants in Japan in the long term.

The wood pellets produced by PBEC are of industrial scale and are mainly sold to European and Asian markets. PBEC facilities including the PBLP facility and affiliated manufacturing facilities in Chetwynd and Ft St John produces and markets over 550,000 tonnes per annum of industrial grade pellets. PBEC also has a partnership with the Nazko First Nation in Quesnel that runs a 200,000 tonne per annum Biomass Preprocessing Facility converting low grade timber into merchantable saw logs, high quality pulp chips, furnish for pellet manufacturing and hog energy fuel.

Learn more about wood pellets supplies to Japan at CMT’s 9th Biomass Pellets Trade & Power on 14 – 17 May, 2018 in Tokyo, Japan.

Contact Ms. Huiyan at huiyan@cmtsp.com.sg or call +65 6346 9113 for more details.