Power Wood secures CA$84m for Alberta black pellet plants

Canadian biofuel company Power Wood Holdings has secured investment from London-based venture capital firm Chair Capital to develop two advanced black pellet production facilities in Northern Alberta.The CA$84m (EUR 57m) funding will be deployed in tranches aligned with construction milestones. An initial CA$42m (EUR 28m) tranche will support completion of the Peace River facility near La Crête and construction of a rail spur for export transport. A further CA$42m (EUR 28m) is committed fo