Our Vision is to be the leading supplier of biomass products to the global renewable energy market. Pinnacle is the third largest wood pellet producer in the world, producing renewable fuel for electricity generation in the form of industrial wood pellets, which are used by global utilities and large-scale power generators to produce renewable/reliable baseload power. We are a trusted supplier to our customers, who require reliable, high quality fuel supply to maximize utilization of their facilities.
We are committed to our values and proactively look for ways to bring our values to life everyday, every time, everywhere:
• Seeded through Innovation - Resourcefulness / Stewardship / Excitement
• Energized by People - Commitment / Honour/ Team
• Sustained through Passionate Integrity - Safety / Empathy/ Excellence.
We hold ourselves accountable to our values and are committed to making decisions through this lens. As one of only three large global suppliers, we operate nine production facilities with a production capacity of 2.2 million metric tons per annum (“MTPA”). We are well-positioned to support growing global demand through new production capacity and the strategic acquisition of existing production facilities. In 2019 we commenced production at the High Level Facility (135K MTPA) in partnership with Tolko Industries, which will commission in Fall 2020. We made our entrance into the US, acquiring a 70% interest in the Aliceville Facility (270K MTPA). In 2018, we commenced commercial production at our wholly owned Entwistle, AB Facility (400K MTPA) and continue to ramp up production.
We have entered into long-term take-or-pay contracts with our customers, where the buyer has an obligation to purchase a fixed quantity of product at specific prices that represent 109% of our production capacity through 2021 and 102% of our production capacity through 2026.