Industrial wood pellet producer Pinnacle signs new supply contracts in Japan and South Korea
VANCOUVER, BC, July 15, 2019 (CNW) -Pinnacle Renewable Energy Inc. today announced that it has entered into two new long-term, take-or-pay offtake contracts with customers in Japan and South Korea, both being accelerated growth markets for Pinnacle.
The contract in Japan is an extension of an existing contract with Mitsubishi Corp., a global integrated business enterprise in Japan. Under the terms of the contract, Pinnacle will supply 110,000 to 120,000 tonnes/yr of industrial wood pellets to Mitsubishi beginning in 2021.
The contract in South Korea is with GS Global Corp., a large diversified conglomerate in South Korea and the first dedicated biomass ...