Tolko ALR Proposal Approved for Pellet Plant Proposal

TOLKO NEWS

Tolko ALR Proposal Approved for Pellet Plant Proposal

VERNON, British Columbia – Tolko and Pinnacle Renewable Energy Group are pleased that the Agricultural Land Commission has approved the non-farm use of agricultural land to allow for the construction of the proposed Lavington Pellet Plan Project.

Leroy Reitsma, President and Chief Operating Officer of Pinnacle Renewable Energy Group said: “This is a positive step forward and we want to thank the Agricultural Land Commission for their timely and detailed attention to the matter.”

The proposed $39 million pellet plant would be adjacent to Tolko’s Lavington mill and would generate upwards of 45 jobs in the community.

“With the land use request approved, Tolko and Pinnacle can now continue the development process on the project,” said Ken Thorlakson, Co-Products Manager. “There is still a lot of work to be done before construction can begin – including final zoning and environmental approval – but we have certainly cleared a big hurdle today.”