Local businessman, investor proposes 60,000 tonnes/year, 50-worker wood pellet plant for Enterprise in Canada's Northwest Territories

LOS ANGELES , January 30, 2012 () – Enterprise, a small community in Canada's Northwest Territories, is the preferred location for a proposed 60,000 tonnes/year wood pellet plant, a key potential investor in the project told residents Jan. 23, the Northern News Service reported Jan. 27.

The facility would employ 50 workers directly with an additional 200 workers in harvesting operations, Hay River businessman Brad Mapes told a meeting of one-quarter of the village's 100 residents.

The project would involve C$12 million for equipment and C$3 million more for building costs, plus more than C$15 million a year to operate, the Northern News Service reported.

Plans are to begin construction June 1 and production by 2013. The proposed plant would start-up at a production level of 60,000 tonnes of pellets a year, eventually rising to 100,000 tonnes.

Mapes is seeking to lease 140 hectares to 200 hectares of land for the plant, and must apply to the Department of Municipal and Community Affairs, the Northern News Service reported.

Enterprise council will discuss Mapes' request for a letter of support at its next meeting on Feb. 6. Mayor Mike St. Amour said he was confident the community and council would support the proposed project.

Mapes said he was also looking at other sites, but that he considers Enterprise the best suited. He also said he would seek bank financing for the project, which has no government funding, the Northern News Service reported.

The primary source of this article is the Northern News Service, Yellowknife, Northwest Territories, Canada, on Jan. 27, 2012.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.