Hawkins Wright, a leading, independent industry research body, forecasts that demand for industrial wood pellets will have a compound annual growth rate of 18% from 2017 through 2021.
Through increasing capacity at its existing production facilities, as well as the addition of other greenfield and brownfield projects, Pinnacle expects to grow its industrial wood pellet production proportionately with increasing global demand.
In addition to organic growth opportunities, Pinnacle will pursue acquisition opportunities, or other strategic initiatives, in Western Canada or other jurisdictions, such as the U.S. Pacific Northwest, Eastern Canada and the U.S. Southeast, to further diversify its asset base, leverage its strong development and operational expertise, and capture increased market share.