In 2015, Canfor invested a total of $155.6 million for capital projects. This included the construction of pellet plants in Chetwynd and Fort St. John as well as projects at our operations in Bear Lake (Polar), Houston and Mackenzie, BC; Grande Prairie, Alberta; and Jackson, Alabama.
We have invested $58 million for the pellet plants at Chetwynd and Fort St. John, in partnership with Pacific BioEnergy
. When these plants are in full operation in 2016, they will contribute to our sustainable value proposition by enhancing our utilization of sawmill residuals and generating additional revenue. Mike Bernier, a local member of the BC legislature, welcomed the plan, saying it “puts our region on the map for potential investors.