Canadian Biomass • July August 2015 • Biomass Update

Terex Materials Processing, a business segment of Terex Corporation, recently announced the acquisition of the assets related to the Environmental Technology product lines of Neuson Ecotec GmbH (an Austrian company). This acquisition marks further expansion of the Terex Environmental Equipment (TEE) business unit, closely following the purchase of the assets of Continental Biomass Industries (CBI) in April.

TEE, part of the Terex Materials Processing segment, has been serving the wood, biomass, and recycling industries since 2011.

The acquisition of the Neuson Ecotec Environmental Technology products will add chipping, shredding, screening, and composting products that will accelerate development of a global dealer network while adding a facility in Linz, Austria that can support production requirements in continental Europe. Terex is not acquiring the Forestry division of Neuson Ecotec GmbH, which will transition to Neuson Forest after closing.

The Neuson Ecotec products that Terex is acquiring will now be part of a global portfolio of distribution-oriented products that will soon be rebranded as Terex Ecotec. Terex will bring these products to market through a network of dealers and with the support of Terex resources and infrastructure around the world.

Pinnacle Renewable Energy Inc. announced the first full loading of wood pellets into a Panamax class vessel. The first full shipment was loaded at the company’s Westview Terminal in Prince Rupert, B.C. on June 2, 2015. It represents the largest load of wood pellets ever shipped according to Pinnacle officials.

Panamax vessels are purpose-built to utilize the maximum capacity of the Panama Canal. The vessel will carry almost 60,000 tons of wood pellets to Drax Power in the U.K.

The use of Panamax class vessels will allow Pinnacle to fully optimize its marine logistics between B.C. and ports in Europe.The larger load will also allow receivers to improve discharge efficiency on arrival.

“Pinnacle is excited about its leadership in the use of Panamax’s for wood pellets,” said Vaughan Bassett, Pinnacle’s senior vicepresident of sales and logistics. “They are presently an underutilized class of vessel, so this additional cargo option will suit ship owners, shippers and receivers alike.”

The M/V Popi S was chartered by Grieg Star Shipping in Norway and has a DWT of 80,400 tons. She will take 34 days to sail between Prince Rupert and Immingham, U.K

Cochrane Power officially stopped generating electricity for Ontario’s power grid after failing to obtain any further extensions, or come to a new agreement, with the Ontario Electricity Finance Corporation (OEFC).

Sarah Charuk, director of communications for Northland Power, confirmed that the plant officially stopped operating as of midnight on May 11, due to the termination of its current agreement with the OEFC. However, this does not mean Northland Power has given up.

Northland was granted an extension to May 11 from the agreement’s original end date in January 2015, so Cochrane Power and the Independent Electricity System Operator (IESO) would have additional time to negotiate a new long-term agreement.

However, the Minister of Energy directed the IESO to suspend all negotiations until the IESO had developed a strategy for power generators such as Cochrane Power across the province. The minister directed the IESO to deliver that strategy in June, and then recently amended that to September, which is well past the May 11 expiry of Cochrane Power’s agreement, according to a recent statement from Northland Power.

Cochrane Power uses wood chips to generate electricity, which are sourced from the waste material of local mills, such as Tembec’s Cochrane facility and the recently opened Rockshield Engineered Wood Products factory.

Premier Tech recently announced a $45.9-million investment in innovation, alongside Denis Lebel, Minister of Infrastructure, Communities and Intergovernmental Affairs.

The announcement follows the signature of an $8.3 million dollar refundable contribution agreement between Canada Economic Development and Premier Tech.

Premier Tech’s new three-year Innovation, Research and Development (IR&D) program, named IDEE – Innovation and Development for Elevating Exportations – will allow the company to accelerate the technological and commercial progression of its three groups through 24 distinct IR&D initiatives.