"In terms of the plant itself, the former pulp and paper mill in Saskatchewan, which had been identified as a preferred site, Domtar, informed us in August that the site would no longer be available to us," said Larry Lalonde, spokesman for Shell Canada, who became majority owners of Iogen last spring.
"As a result of that, Shell and Iogen are reviewing potential alternative sites."Read more
NewPage Corp., the Ohio company that owns the pulp mill NewPage Port Hawkesbury, lost $174 million in the second quarter of its financial year, despite an increase in sales.
The parent company, which has undergone a major shakeup of its top executives, reported having $7 million in cash and $113 million available on a line of credit. But it also has a debt of $3.4 billion.Read more
"Wood pellet burners are growing rapidly in popularity and companies around the country are increasingly using biodiesel in their vehicle fleets. But these are just the first baby steps of what will become one of the country's biggest industries," says Bioenergy Association (BANZ) chairman Rob Mallinson.Read more