Bioenergy, Industry in Transition
Prince George, B.C. – There is so much more potential for bioenergy but its potential is being overshadowed by other green energies, such as solar and wind says Don Roberts CEO of Nawitka Capital Advisors.
Last year, global investment in clean energy hit $330 billion dollars, but only 1% was directed to Bioenergy “We’ve lost our momentum” says Roberts.
Bioenergy is a sector in transition. With the foundation based on using fibre to develop pellets for heating, the sector is now looking at drawing chemicals and creating biocrude from woody mass.
It was just a couple of weeks ago that Canfor Pulp announced it had entered a joint venture with Licella Fibre fuels to convert biomass, into biocrude.
There have been some preliminary trials, involving feedstock from Canfor Pulp’s mills in Prince George at Licella’s pilot plants in Australia. According to Canfor Pulp, the trials were successful in creating a “stable biocrude oil”.
John Martin, Parliamentary Secretary to BC’s Ministers of Forests, says the Province has a memorandum of understanding with Canfor Pulp to “further investigate sources of fibre in the Prince George Timber Supply area, to help support this venture.”
The annual allowable cut in the Prince George TSA is expected to be decreased by 25% over the coming years because of the devastation of the Mountain Pine Beetle infestation.;
“As a Government, we want to work in cooperation with initiatives such as this ” said Martin at the Bioenergy Conference underway in Prince George. “We want to do what we can to assist and help move it forward.”
Canfor Pulp says the project could see the company transition from being strictly a pulp and paper manufacturer to a bio-energy producer as well.