Contribution: Contributions in support of Investments in the Forest Industry Transformation Program
PINNACLE RENEWABLE ENERGY INC.
$1,000,000.00
Mechanical dewatering of low grade fibre
FY 2020-21 · 2021-03-25
Summary
This project will install innovative technology in a forest products facility in Canada.
Department
Program
Contributions in support of Investments in the Forest Industry Transformation ProgramContributions in support of Investments in the Forest Industry Transformation Program (linked with high confidence)
Recipient
Location
RICHMOND | RICHMOND, British Columbia, Canada
Recipient Type
For-profit organization
Type
Contribution
Source
Proactive Disclosure - Grants and Contributions
As published
Additional Information
Amendment: Duration of agreement / Award previously disclosed for the 4th Quarter of 2020-2021. Grant or contribution awarded and spanning more than one fiscal year.
Additional Information (French)
Modification: Durée de l'entente / Subvention ou contribution antérieurement divulgée pour le 4e trimestre de l'exercice 2020-2021. Subvention ou contribution octroyée s'appliquant à plus d'un exercice financier.
Agreement End Date
2022-09-30
Agreement Number
IFIT5_PINNRE
Agreement Start Date
2021-03-25
Agreement Title
Mechanical dewatering of low grade fibre
Agreement Title (French)
Séchage mécanique de fibres de bois de qualité inférieure
Agreement Type
Contribution
Agreement Value
$1,000,000.00
Amendment Date
2021-03-25
Amendment Number
1
Description
This project will install innovative technology in a forest products facility in Canada.
Description (French)
Ce projet permettra d'installer une technologie novatrice dans une industrie de produits forestiers au Canada.
Expected Results
The expected results will increase competitiveness and economic sustainability (jobs created, jobs secured, new revenues streams for companies, diversification of product portfolios).
Expected Results (French)
Le résultat attendu est l'augmentation de la compétitivité et de la durabilité économique (emplois créés, emplois sécurisés, nouveaux flux de revenus pour les entreprises, diversification des portefeuilles de produits).
Foreign Currency Type
CAD
Foreign Currency Value
$0.00
Organization Code
nrcan-rncan
Organization
Natural Resources Canada | Ressources naturelles Canada
Program Name
Contributions in support of Investments in the Forest Industry Transformation Program
Program Name (French)
Contributions à l'appui du programme Investissements dans la transformation de l'industrie forestière
Program Purpose
The objective of Investments in Forest Industry Transformation is to support forest industry transformation that will make the forest industry more commercially and environmentally more sustainable by investing in innovative technologies that lead to a more diversified, higher-value product mix including bioenergy, biomaterials, biochemicals, and next generation building products.
Program Purpose (French)
Le programme des Investissements dans la transformation de l'industrie forestière a pour but d'appuyer ladite transformation qui rendra l'industrie forestière plus durable sur le plan commercial et environnemental en investissant dans des technologies novatrices qui mènent vers une gamme de produits plus diversifiés et de plus grande valeur, y compris la bioénergie et l'énergie renouvelable, ainsi que les biomatériaux, les produits biochimiques et les matériaux de construction de prochaine génération.
Recipient City
RICHMOND | RICHMOND
Recipient Country
CA
Recipient Legal Name
PINNACLE RENEWABLE ENERGY INC.
Recipient Postal Code
V7B 1C3
Recipient Province or Territory
BC
Recipient Type
F
Reference Number
115-2020-2021-Q4-11976
