XML FeedsAtikokan becomes the latest community to hope for a wood pellet plant
Feb 13, 2009 | In Mill Expansions/Openings | Send feedback »
There is a glimmer of hope for the creation of 40 jobs in Atikokan, Ontario.
Ed Fukushima, a life-long resident of Thunder Bay, and owner of MGM Electric, has plans to purchase the idled Fibratech facility and convert it into a plant that manufactures wood pellets and renewable fuel - products that Fukushima holds patents on.
The possible deal with Fukushima, the town of Atikokan, and the receivers is complex, and could take upwards of 90 days to finalize. Fukushima said if all goes according to plan, Atikokan Renewable Fuels could be in production in 6 months.
Converting the Fibratech mill for Atikokan Renewable Fuels' use will take nearly $15 million.
Source:
Fibratech to be converted, re-opened (TBSource)
No feedback yet
Comments are not allowed from anonymous visitors.
| « Kenora investors buy the former Abitibi mill property | Tembec permanently closes Mattawa, ON sawmill » |
