Japanese Company Invests in B.C. Wood Pellet Company

October 23, 2017

Sumitomo Corporation of Japan recently acquired a 48% stake in Pacific BioEnergy in Prince George. The investment shows that the B.C. wood products sector is recognized around the world for its innovation and sustainability.

“The production of power out of residual fibre from sawmilling and timber harvesting is one example of the diverse ways B.C. jobs are being created from B.C.’s forests,” said Donaldson. “This investment strengthens B.C.’s relationship with Japan, leading to increased production and export of pellets to Japan and the rest of Asia through Sumitomo’s global network.”

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