Rentech Atikokan Assets Purchased by Northern Ontario Entrepreneur

Thunder Bay, ON, Thursday March 29, 2018: BioPower Sustainable Energy Corporation (BioPower) today announces the acquisition of the assets of the former Rentech pellet plant in Atikokan.  BioPower is a subsidiary company of True North Timber (TNT) in Chapleau, Ontario.

During December 2017, the company agreed to acquire the assets of Rentech Atikokan, which is principally engaged in the manufacturing of commercial grade wood pellets for the Ontario Power Generation (OPG) station near Atikokan. The acquisition of assets was completed in January 2018 with 25 local jobs maintained.

Says Mark Guillemette, CEO of BioPower Sustainable Energy Corporation; ““The acquisition of the Rentech Atikokan plant assets complements our existing presence in sustainable woodland operations and represents a strategic opportunity to extend into new emerging markets.”

“We have a strong management team that is committed to producing clean, innovative and sustainable energy solutions for customers in North America and around the world. Our immediate focus is on new business development to achieve the plant’s 110,000 metric tonnes production capacity, he said.”

BioPower Sustainable Energy Corporation will sell commercial pellets as well as residential heating pellets.

Trade Mission to Italy

Mark Guillemette, CEO of BioPower Sustainable Energy Inc. is one of several Canadian business leaders to take part in a trade mission to Italy.

The mission, which is being coordinated by the Ontario Ministry of Natural Resources and Forestry and the Wood Pellet Association of Canada, is aimed at building business opportunities for Canadian companies in the global wood heating industry.

Progetto Fuocco is the only international event for the wood-fired heating industry and takes place February 19 to 23, 2018.

“This is an exciting time for BioPower and the growing biofuels industry. We look forward to identifying opportunities to build new partnerships and projects, and becoming a trusted Canadian manufacturer of renewable energy solutions for customers around the world,”  says Mark Guillemette. “Our participation also highlights the emerging role we play in supporting economic growth and job creation across the Northern Ontario region.”

For more information about the exhibition visit:

Pellet Facility Purchase

Dec. 21, 2017 – Rentech’s Atikokan, Ont., wood pellet facility has entered into an asset purchase agreement with Ontario’s True North Timber, according to the company’s latest news release.

The facility supplies wood pellets to Ontario Power Generation’s 100 per cent biomass-fuelled generating station in Atikokan. Earlier this year the 100,000 tonnes-capacity facility reduced its production to 45,000 tonnes per year to meet the OPG contract.

Rentech’s Wawa, Ont., pellet facility remains idle, and the company has has applied to the Ontario Superior Court of Justice for the appointment of a receiver and manager to facilitate the sale or liquidation of that facility.

Rentech also announced its subsidiary, Rentech WP U.S. Inc. filed a voluntary petition for relief under the United States Bankruptcy Code. “The purpose of the bankruptcy filing is to seek to sell the assets of the company’s Fulghum Fibres and New England Wood Pellet subsidiaries and facilitate an orderly wind-down of Rentech Inc.,” the release states.