In Canada, Pacific BioEnergy Corporation (PacBio), one of the pioneers in the development of the wood pellet industry in British Columbia (BC) has officially ceased operations and closed the plant."Last night at 4 a.m. we did shut down the plant on a permanent basis,” said PacBio CEO John Stirling, at a press conference on March 4, 2022, held in front of the PacBio wood pellet plant in Prince George.
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In December 2021, PacBio announced that it would permanently close its wood pellet plant after reaching an agreement to assign some of its assets, including long-term pellet sales contracts, to the Drax Group.
The plant closure means the loss of 55 jobs and Stirling disclosed that the plant will be dismantled and moved elsewhere over the coming months.
We did not lay people off suddenly and send them home, we set a target and we successfully achieved that target last night, and we could only do it that way because we trust our team, John Stirling said.
PacBio has operated a pellets plant in Prince George since 1994 producing about 550 000 tonnes annually.