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Pinnacle 0 What it looked like before 1 Pinnacle 3 decades of - - PowerPoint PPT Presentation
Pinnacle 0 What it looked like before 1 Pinnacle 3 decades of - - PowerPoint PPT Presentation
Pinnacle 0 What it looked like before 1 Pinnacle 3 decades of growth Period Activity Late 1980s Swaan brothers commence feed pellet operations in Quesnel Early 1990s Developed wood pellets for home heating Built 2 nd mill in
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Period Activity
Late 1980’s Swaan brothers commence feed pellet operations in Quesnel Early 1990’s Developed wood pellets for home heating 2004 Built 2nd mill in Williams Lake for bulk product 2005 Commenced bulk shipments to European Power sector 2006 Built 3rd mill in Houston, partnering with Canfor and Morristown Indian Band 2007 Bought 4th mill in Armstrong for local bag market 2008 Built 5th mill in Meadowbank First Bulk shipment to Japan 2011 Acquired by ONCAP (Onex Corp) Built 6th mill in Burns Lake 2013 Built Panamax capable dedicated export terminal in Prince Rupert 2015 Building 7th mill in Lavington, partnering with Tolko
Pinnacle – 3 decades of growth
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Lowest Risk Wood Pellet Supplier in the World
Operate 7 pellet plants, producing 1.5 million tonnes of wood pellets Situated in BC, one of the worlds most sustainable and plentiful fibre baskets Pioneer in the diversification of feedstock (bark, sawdust, shavings, chips, logs) Leveraging 25 years of production experience, proprietary equipment & technical expertise Dual port, rail linked and panamax capable export logistics Strongly positioned for growth with ONCAP as an equity partner
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- Bulk Industrial Pellets
- Dedicated and co-fired large scale
combustion & generating systems
- CHP systems
- Institutional heating systems
- Bagged Pellets
- Heating fuel
- Animal bedding
- Sorbent
Pinnacle’s Products
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40 lb bags, Retail:
- Premium Fuel (Douglas Fir)
- Residential Fuel (SPF)
- Animal bedding (Pet Comfort)
- Sorbent & Other
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Residential Heating
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Bulk truck deliveries into hoppers
- Education facilities, community centres, recreation facilities, prisons, hospitals,
police, military and coast guard detachments, greenhouses.
- Remote facilities often heated with oil or diesel if no gas installed
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Institutional Heating
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Bulk ship or rail deliveries into silo
- Carbon neutral alternative to fossil fuels
- Often seasonal demand
- Sensitive to logistics costs
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Industrial / CHP
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Full shiploads into storage facilities
- Co-fired up to 15% with coal
- Dedicated firing with maybe 10% coal
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Renewable Energy Generation
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CO₂
Photosynthesis And Growth Sawmilling Sunlight and heat Renewable Bioenergy Wood Pellets Pellet Manufacturing Waste Lumber Carbon sequestration in wood products
Pinnacle and Low Carbon Energy
Sawdust, shavings & bark Primary Generator Fuel
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Pinnacle’s Fibre Supply Advantages
Long term relationships with senior BC sawmilling companies Re-purposed sawmill residuals has directly resulted in the closure of more than 14 beehive burners Multiple pellet sites provides suppliers comfort that residuals can be utilized at different locations Optimal utilization of harvest residual Diverse mill network minimizes transport costs from forest to mill and mill to mill Proximity of mills allows for stockpiling and fibre transfers between mills in the event of supply shortages
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11 Armstrong Mill Williams Lake Mill Quesnel Mill Meadowbank Mill Burns Lake Mill Houston Mill Legend
Sawmills / Forest Products Pinnacle Plants Ports
Diversified Mill Locations in Substantial Fibre Basket
PLANT CAPACITY 2015 Houston 220,000t Burns Lake 440,000t Meadowbank 220,000t Quesnel 90,000t Williams Lake 200,000t Armstrong 60,000t Lavington 270,000t TOTAL 1,500,000t
Lavington Mill
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Houston Pellet Limited Partnership
Constructed in 2006 Situated adjacent to Canfor Lumber operation at Houston, BC Partnership with Canfor and the Moricetown Indian Band Annual production capacity of 220,000 metric tonne 100% Industrial bulk pellet production Exported to Europe and Japan.
MANa mx
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Completed in 2011 Located in Burns Lake, BC Incorporates best practices from existing mills Now on 12 pelletizers Industrial bulk pellets shipped mainly to UK. Annual production capacity of 440,000 metric tonne
Burns Lake Facility
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Meadowbank Facility
Constructed in 2008 Located at Strathnaver, BC - adjacent to the Dunkley Lumber Mill First plant to utilize sawdust, shavings, bark and harvest residuals Industrial bulk pellets Equidistant to Prince Rupert or Vancouver Annual production capacity of 220,000 metric tonne
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Quesnel Facility
Constructed in 1988, expanded in 1999 Located in Kersely, BC Produces full range of bagged pellets Some industrial bulk pellets Annual production capacity of 90,000 metric tonne
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Williams Lake Facility
Constructed in 2004, expanded in 2007 Located at Williams Lake, BC Produces industrial bulk pellets Exported through Vancouver Annual production capacity of 200,000 metric tonne
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Armstrong Facility
Acquired in 2007, older plant Located in Armstrong, BC Produces bulk and bagged pellets Annual production capacity of 60,000 metric tonne
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Lavington Facility
Approved in late 2014, under construction for Sept 2015 start Partnership with Tolko Industries Ltd Located in Lavington, BC Will produces bulk pellets Annual production capacity of 270,000 metric tonne
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Pinnacle’s Logistics Advantage
- Over 500 covered hopper
railcars in the fleet
- Super-B delivery to light-industrial, institutional and
greenhouse customers
- Full handimax vessels from 2 ports
in BC
- Road or rail palletized bag logistics options •
Wood pellets are the most efficient form of woody biomass for transportation
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Port of Vancouver (Fibreco Export Inc.)
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Port of Prince Rupert (Pinnacle Westview Terminal)
Pinnacle owned and operated Construction completed December 2013 Initial capacity 50,000t silo stored First dedicated wood pellet terminal in the world capable of handling small Handysize up to Panamax vessels. Instantaneous load rate of 2,000 tonnes per hour. Built-in automatic sampling. Dust free, low noise installation
Westview Terminal Westview ship-loading in operation
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Canada’s first shipping terminal designed specifically to handle wood pellets
Design Features
- Four corrugated metal wood
pellet storage silos: 45 m tall, 27 m diameter; 50,000 tonnes total capacity
- Three possible additional
storage silos up to 34,500 tonnes total additional capacity
- Enclosed belt conveyors and
bucket elevators
- Ship loader
- Berthing dolphins to secure
ships
- Berth capable of handling
Panamax-class vessels up to 75,000 DWT
1 2 3 4 5 6 1 1 1 1 2 2 2 3 4 5 5 6
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Westview expansion plan
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Pellet Production at a Glance
Hog/Trees Sawdust Shavings Drying Hammering Green Grinding Hammering Dry Pelletizing Shipping Screening Cooling
PHASE I Conventional pellet manufacturing PHASE III PHASE II PHASE IV Pinnacle Pellet complete manufacturing process
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Hammering and Grinding
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Drying
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Pelletizing
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Cooling
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Screening
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Storage & Loading
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Pinnacle’s Customer Mix
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