Atikokan pellet plant stays open as Rentech goes bankrupt

Thunder Bay News Watch
January 4, 2018
Category: Business & Politics
Region: Canada, Canada East

ATIKOKAN, Ont. — The future of an important player in Atikokan’s economy appears secure despite the bankruptcy of U.S.- based Rentech Inc. The company struck a deal in December to sell its Atikokan wood pellet mill, just before filing for bankruptcy. If the transaction is completed, the new operator will be an affiliate of True North Timber, a forest resource company with operations in the Chapleau area. …”There’s a market for this product and they certainly have space to produce a lot more. Maybe with a new company coming in, they’ll have access to a new market and they’ll be able to add more jobs here,” he said. The mill currently employs about two dozen people.

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