International investment in Prince George energy producer welcomed by Province

By the Ministry of Jobs, Trade and Technology
Government of British Columbia
October 20, 2017
Category: Business & Politics
Region: Canada, Canada West

PRINCE GEORGE – The Government of British Columbia is celebrating a major investment in a Prince George forestry manufacturing facility by Sumitomo Corporation. Sumitomo Corporation of Japan recently acquired a 48% stake in Pacific BioEnergy, the second-largest manufacturer of wood pellets in Canada. Pacific BioEnergy, which employs 55 people at its facility in Prince George and generates another 50 indirect jobs, produces about 550,000 tonnes of industrial wood pellets annually. “This investment by Sumitomo shows once again that B.C.’s manufacturing sector is recognized around the world for its ingenuity and innovation – in this case, turning wood waste into a clean and valuable energy source,” said Minister of Jobs, Trade and Technology Bruce Ralston.

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