Proposed Acquisition of Pinnacle Renewable Energy Inc. – a major international supplier of sustainable biomass
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Proposed Acquisition of Pinnacle Renewable Energy Inc. – a major international supplier of sustainable biomass
February 9, 2021

Drax is pleased to announce that it has signed an agreement (the “Acquisition Agreement”) with Pinnacle Renewable Energy Inc. (PL.TO) (“Pinnacle”), providing for the acquisition by Drax Canadian Holdings Inc., an indirect, wholly-owned subsidiary of Drax, of the entire issued share capital of Pinnacle (the “Acquisition”). The Acquisition will be implemented by way of a[…]

Pinnacle Renewable Energy to supply 100 thousand tonnes of industrial wood pellets to Japan’s Mitsui
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Pinnacle Renewable Energy to supply 100 thousand tonnes of industrial wood pellets to Japan’s Mitsui
October 23, 2019

Pinnacle Renewable Energy (“Pinnacle” or the “Company”) (TSX: PL) has announced that it has entered into a new long-term, take-or-pay off-take contract with Mitsui & Co. Ltd. (“Mitsui”), a large, diversified trading company in Japan. Under the terms of the contract, Pinnacle will supply 100,000 metric tons per annum of industrial wood pellets to Mitsui[…]