2022-05-03 08:53:59
Resolute Forest Products Inc. signed an agreement on Feb. 11 with Boralex for the purchase of a co-generation facility in Senneterre, Que.
“The purchase of the 34.5-megawatt co-generation facility, adjacent to our Senneterre sawmill, builds on our significant investments in the region, including the ongoing project toward a new planer and associated equipment we announced last summer, as well as operational improvements recently completed at our Comtois sawmill,” said Remi G. Lalonde, president and chief executive officer of Resolute.
The co-gen facility will maximize Resolute’s use of biomass from its regional operations, generating green power and providing a platform for future growth and enhanced competitiveness in the Abitibi-Témiscamingue region, Lalonde said.
Resolute will add 30-plus employees of the co-generation facility to its team.
The acquisition is subject to regulatory approvals and certain closing conditions and expected to close in the first half of 2022.
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