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Power Wood Holdings secures CA$84M investment from Chair Capital for black pellet production plants. The funding will support the development of two facilities in Northern Alberta.
Power Wood Holdings Ltd has agreed to receive up to CA$84M from Chair Capital Ltd to develop two advanced black pellet production facilities. This investment will help Power Wood progress its projects towards completion and operational capacity. Each facility will manufacture biofuel pellets from waste stream materials, with significant production capacity and long-term offtake agreements in place. The funding is structured in multiple amounts as key milestones are achieved.
Company Information
Company
Power Wood Holdings Ltd
Location
Calgary, Alberta, Canada
About
Power Wood Holdings Ltd is a Calgary-based biofuel company that specializes in developing advanced black pellet production facilities. The company focuses on manufacturing durable and waterproof, densified steam-treated biofuel pellets from wildfire-damaged deadwood and other forest debris. Power Wood Holdings aims to supply biofuel as a drop-in replacement for coal while minimizing the carbon footprint. They have secured long-term agreements with Japanese energy companies for their biofuel products.
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CalgaryManufacturingBiotechnologyEnergyRenewable EnergyBiofuel