CHAPAIS, QC – The federal government is investing $15-million to help Granule 777 Inc. build the first fully integrated industrial wood pellet and sawmill complex in Canada. The government is also making a repayable contribution of $5 million to enable the company to acquire strategic and innovative production equipment.
The funding is provided through Natural Resources Canada’s Investments in Forest Industry Transformation (IFIT) program and CED’s Quebec Economic Development Program.
Upon completion, the new mill will:
- manufacture 210,000 metric tons of wood pellets per year;
- use 450,000 green metric tons of biomass;
- reduce the reliance on fossil fuels; and
- create 40 new jobs for mill operations.
On June 1, 2017, the IFIT program received $55 million over three years as part of the Government of Canada’s $867-million Softwood Lumber Action Plan to support workers and forest-dependent communities that have been affected by U.S. duties on Canadian softwood lumber.
“We are very excited about the construction of this innovative integrated wood pellet plant, adjacent to our Barrette-Chapais sawmill,” said Benoit Barrette, president of Granule 777 Inc. “Over the past few years, we have successfully gathered the necessary winning conditions to move ahead with this project and make it a reality. We firmly believe it will be something very positive for the value-added sawmills’ co-products, the local communities and the overall forestry sector in the province.”