PRINCE GEORGE, BC, July 4, 2016 (CBC) -One of the world's largest logging companies is looking to get into the oil business.
Canfor is in the early phases of developing what would be the first ever commercial-scale biocrude oil plant. The logging company is looking to convert wood waste from its pulp mills into mass quantities of crude oil at a new facility in Prince George.
"In the next few years we'll be announcing a project and building a real facility that will produce upwards of 400,000 barrels of oil a year," said Bret Robinson, president of Canfor Pulp.
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