Pacific BioEnergy Corporation (PBEC) and Forsite Consultants Ltd. announced today the formation of a new joint venture timber management company, PacFor Timber Ltd. (PacFor). The new company will be based in Terrace, BC and will begin operations immediately.
PacFor will be responsible for managing three Forest Licenses in the Kispiox Timber Supply Area. The current allowable annual harvest from the three licenses is 154,366 cubic meters (m3) per year. The Kispiox Timber Supply Area is located between Terrace and Smithers in Northwest BC. PacFor will focus on providing logs and fibre to area sawmills, new bioenergy and pellet manufacturing plants and supporting log export markets.
Brad Bennett, Vice President of Operations for PBEC stated “combining the expertise and synergies of PBEC and Forsite Consultants will ensure that PacFor maximizes the value of every log harvested from the three licenses. One of the forest management challenges of the past was that most companies could only send their logs to a local sawmill or pulpmill and not every log was best suited for either one of these forest products. PacFor already has three options of where it can send logs and we hope other new forestry ventures in Northwest BC will provide a greater range of options in future.”
John Drew, President of Forsite Consultants Ltd. said “I’m excited to work with PBEC to manage these forest licenses. I believe strongly that our focus on getting the right log to the right client and maximizing the value of forest resources within the Kispiox TSA is the right thing to do and will help ensure our success.”
PBEC has operated a wood pellet manufacturing plant in Prince George since 1995 and is currently expanding its Prince George Plant. When completed the project will make PBEC’s PG Plant the largest in Canada. PBEC also owns the Kitwanga Lumber mill and a large forest license in the Nazko area. Forsite Consultants Ltd. has been providing forest management services to government and industrial client throughout BC for the past 24 years.
Source: PacFor Timber Ltd News Release – Nov 5, 2010