Gov. Fax: 604.270.9914 This story originally appeared on the Alabama Department of Commerce’s Made in Alabama website. Pinnacle Renewable Energy is one of the world’s leading manufacturers and distributors of industrial wood pellets, which are used by large-scale power generators in the UK, Europe and Asia to produce reliable renewable power, principally to fuel switch from coal, a fossil fuel. Current career goals is to obtain a masters related to HR and obtain my SHRM-CP. Another way to get Alabama NewsCenter content. MONTGOMERY, Alabama – Governor Kay Ivey today announced that Alabama Pellets LLC, a subsidiary of Canada-based Pinnacle Renewable Energy Inc., plans to... Jul 14, 2020 The Alabama Pellets facility is expected to have an annual production volume of 360,000 metric tons and will start industrial wood pellet production by mid-2021. Gov. Pinnacle Renewable Energy plans $95 million wood pellet plant in Alabama Rural Development. The Company operates 10 industrial wood pellet production facilities in western Canada and one in Alabama, with an additional facility under construction in Alabama. Email: sales@pinnaclepellet.com. The next time you’re running a load of laundry, toss in a few more items! Pinnacle holds a 70% stake in Alabama Pellets, with Tuscaloosa-based Westervelt Co. and Demopolis-based Two Rivers Lumber Co. holding 20% and 10%, respectively. The incentives are offered to businesses that provide benefit to the state and its residents through positive economic impacts in the community and tax revenue to the state. “Alabama Pellets is making a major investment in this plant, which will drive economic growth in the region and spark the creation of direct and indirect jobs.”. 15 Pinnacle Renewable Energy jobs in Alabama. Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") (TSX: PL) today (July 14) announced its subsidiary, Alabama Pellets, LLC ("Alabama Pellets"), has signed an agreement with the State of Alabama that provides Alabama Pellets with incentives for job creation under Alabama's Job Act Incentives program. Happy First Day of Spring! Another wood pellet producing plant is being planned for Alabama’s Black Belt. Pinnacle is owned by Drax Group, a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. VANCOUVER, BC, July 14, 2020 /CNW/ - Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") (TSX: PL) today announced its subsidiary, Alabama Pellets, LLC ("Alabama … It also owns a port terminal in Prince Rupert, British Columbia. “Part of our commitment as a good corporate citizen in the communities where we operate is to think local, hire local and use local vendors and contractors.”. VANCOUVER, BC, July 14, 2020 /PRNewswire/ - Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") (TSX: PL) today announced its subsidiary, … FACILITY NAME: PINNACLE RENEWABLE-DEMOPOLIS MILL LOCATION: DEMOPOLIS, MARENGO COUNTY, ALABAMA PERMIT NUMBER DESCRIPTION OF EQUIPMENT, ARTICLE OR DEVICE 105-0020-X002 Green Raw Material Drying, and Dry Chip Storage [Includes Biomass Rotary Dryer (RD) with 170 MMBtu/hr Biomass Alabama Workforce Council praises rule mandating student action on financial aid. Alabama Robotics Technology Park announces virtual reality classes. The Alabama Pellets facility is expected to have an annual production volume of 360,000 metric tons and will start industrial wood pellet production by mid-2021. “We’re committed to helping create jobs in our state’s rural areas through strategic economic development, and the plans by Pinnacle and Alabama Pellets to locate a facility in Demopolis is a positive development for Marengo County,” said Greg Canfield, secretary of the Alabama Department of Commerce. The state’s best performance among the report’s key metrics was in employment change. We believe strongly in the benefits of developing renewable energy resources worldwide. Applicants may seek jobs with Pinnacle Renewable Energy from 10 a.m. to 2 p.m. at Demopolis City Civic Center, 501 N. Commissioners Ave. Job … Activity Pinnacle Renewable Energy has announced its subsidiary, Alabama Pellets, has signed an agreement with Alabama that provides Alabama Pellets with incentives for job creation under Alabama's Job Act Incentives program. ️, Alabama Power and assisting crews have completed restoration efforts following the onslaught of severe weather on W…, Analysis ranks Alabama among top states for economic momentum amid recovery, Opportunity Alabama announces the OPAL Fund to advance, support local communities, Imperial Dade joins logistics projects coming to Alabama's Mobile, Baldwin counties, Alabama, Mississippi residents go green for improved diet, well-being through Harvest for Health, Alabama angler Wes Logan wins 2021 Whataburger Bassmaster Elite at Neely Henry Lake, Smoked Chicken Plate at Fat Boy’s Bar-b-que Ranch one of 100 Dishes to Eat in Alabama. The … With $13 million already raised, the fund will remain open through 2021. V7B 1C3, Canada Its pellet mills process a wide range of wood fibre (primarily forest product residuals) sourced from forestry industry partners that harvest from sustainably certified forests. Pinnacle holds a 70% interest in Alabama Pellets with The Westervelt Company and Two Rivers Lumber Co., LLC each holding 20% and 10%, respectively. Pinnacle Renewable Energy, the fourth largest wood pellet company in the U.S., expects to create about 60 to 70 jobs as well as about 200 indirect jobs. Our Pinnacle Renewable Energy elves at our operation in Aliceville, Alabama, led by our Director of Operations, Richard Lamb have really put their passion into the spirit of the holidays. TUSCALOOSA, Ala. — West Alabama Works and Pinnacle Renewable Energy are partnering this week to help Alabamians get high-paying jobs in a growing field. Its Alabama production facility utilizes shipping facilities on the U.S. Gulf Coast. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support ... Pinnacle Renewable Energy. Kay Ivey today announced that Alabama Pellets, a subsidiary of Canada-based Pinnacle Renewable Energy, plans to invest $95 million to construct a production facility in Demopolis. SELBY, United Kingdom, Feb. 08, 2021 (GLOBE NEWSWIRE) — British energy company Drax has agreed to acquire Pinnacle at a price of C$11.30 per share, valuing Pinnacle at C$385 million. Its Alabama production facility utilizes shipping facilities on the U.S. Gulf Coast. Discover more about Drax: www.drax.com To receive the wage incentive, Alabama Pellets will target employing a minimum of 45 employees who earn an average hourly wage of $20. The $20 million project will support the company’s expanding customer base. Foreign direct investment continues to flow into Alabama, the report indicates. Kay Ivey today announced that Alabama Pellets, a subsidiary of Canada-based Pinnacle Renewable Energy, plans to invest $95 million to construct a production facility in Demopolis. Pinnacle Renewable Energy Aliceville, AL 35442 $30.68 an hour Actively participates in Pinnacle’s Owning Safety culture, including the use of DATS for recording safety conversations, observations and training. Richmond, British Columbia Search job openings, see if they fit - company salaries, reviews, and more posted by Pinnacle Renewable Energy employees. VANCOUVER, BC, July 14, 2020 /PRNewswire/ - Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") today announced its subsidiary, Alabama Pellets, LLC ("Alabama Pellets"), has signed an agreement with the State of Alabama that provides Alabama Pellets with incentives for job creation under Alabama's Job Act Incentives program. From the company’s inception in the late 1980’s, we have concentrated on establishing ourselves as a leader within the global wood pellet industry through calculated product engineering, cost-efficient production and reliable transport. Incentives for Alabama Pellets include a tax credit totaling $848,000 over 10 years for job creation, as well as an investment credit totaling $9.5 million, also spread over 10 years, according to the Alabama Department of Commerce. $28 million Contributed to Growth-Related Projects . MONTGOMERY, Alabama – Governor Kay Ivey today announced that Alabama Pellets LLC, a subsidiary of Canada-based Pinnacle Renewable Energy Inc., plans to invest $95 million to construct a wood pellet production facility in Demopolis. “My administration has made it a priority to develop rural Alabama, and this manufacturing facility under construction in Demopolis will have a significant economic impact on Marengo County and create meaningful new opportunities for many citizens there.”. Pinnacle expects the Demopolis facility will produce an annual volume of 360,000 metric tons. © 2021 Copyright Pinnacle Renewable Energy Inc. coast: Pinnacle’s wholly-owned Westview terminal in Prince Rupert, and the Fibreco Terminal at the Port of Vancouver. Drax is pleased to announce that it has signed an agreement (the “Acquisition Agreement”) with Pinnacle Renewable Energy Inc. (PL.TO) (“Pinnacle”), providing for the acquisition by Drax Canadian Holdings Inc., an indirect, wholly-owned subsidiary of Drax, of the entire issued share capital of Pinnacle (the “Acquisition”). Pinnacle is owned by Drax Group, a UK-based renewable energy company engaged in renewable power generation, the production of sustainable biomass and the sale of renewable electricity to businesses. Today, with the help of targeted industry partnerships, Pinnacle is creating and exporting high quality pellet products and receiving international recognition. Pinnacle Renewable Energy is an international company that makes wood pellets used to fuel electric power plants overseas. Pinnacle pellets are derived from biomass waste generated from timber manufacturing practices and are engineered to provide: renewable fuel for baseload power generation, a clean-burning source of heat and effective sorbent products. Running larger loads is a small change th…, Spring has sprung! Pinnacle holds a 70% interest in Alabama Pellets with The Westervelt Company … Apply to Production Lead, Quality Control Lab Technician, Mill Operator and more! The company operates eight industrial wood pellet production facilities in Canada and one in Alabama, with two additional facilities under construction in Alberta, Canada, and Alabama. Pinnacle holds a 70% interest in Alabama Pellets with … Currently employed at Pinnacle Renewable Energy in Demopolis, Al. Alabama Pellets is a partnership between Tuscaloosa-based Westervelt, Canada’s Pinnacle Renewable Energy, and Demopolis-based Two Rivers Lumber Co. Pinnacle Renewable Energy Inc. is one of the world’s leading manufacturers and distributors of industrial wood pellets that are used by large-scale thermal power generators as a more environmentally-friendly alternative to produce … The pay scale ranges from $15 to $30 dollars an hour. Read stock market announcement: Completion of the acquisition of Pinnacle Renewable Energy Inc. Read blog by Will Gardiner: The world’s leading sustainable biomass generation and supply business Drax now has ownership interests in a total of ten operational pellet plants, and one in development, in Western Canada and the US South: “We welcome the growth plans of Pinnacle and Alabama Pellets in our state,” Ivey said. Pinnacle Renewable Energy Inc. has applied for Air Permits that would authorize the construction and operation of a wood pellet manufacturing facility to be located at 970 Industrial Park Road, Demopolis, Alabama 36732. The company has set an initial target of hiring at least 45 workers. Phone: 604.270.9613 All the latest stories we've written tagged "Pinnacle Renewable Energy." PERMITTEE: PINNACLE RENEWABLE ENERGY INC. Beau Gunter, NRP •Lieutenant with Tuscaloosa Fire / Rescue •Operational Safety Advisor for Alabama- Pinnacle Renewable Energy Inc. •Competitive Professional Firefighter Athlete VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) — Pinnacle Renewable Energy Inc., the Canada-based international supplier of sustainable bioenergy pellets, and British energy company Drax Group plc have announced that Drax’s acquisition of Pinnacle (first announced on February 8, 2021) has completed. by Alabama News Network Staff A job fair will be held in Demopolis on Thursday to find workers for jobs that pay between $15 to $30 per hour. Canada’s Pinnacle Renewable Energy is teaming with two Alabama companies to construct a $95 million industrial wood pellet plant in Demopolis that will create at least 45 jobs in Marengo County. 350 - 3600 Lysander Lane This fuel is used by large-scale thermal power generators as a greener alternative to produce reliable baseload renewable power. The capital investment for the facility is estimated at over $80 million. “The Alabama Jobs Act Incentives supports our approach to doing business, and we are pleased to be part of the state’s ‘Made in Alabama’ program,” McCurdy said. “Pinnacle and Alabama Pellets have been part of the Alabama business landscape since October 2018 and are proud to be part of the economic growth of this community,” Pinnacle CEO Rob McCurdy said. Pinnacle has multiple open positions at their new site in Demopolis with wages between $15 and $30 an hour. VANCOUVER, British Columbia, April 13, 2021 (GLOBE NEWSWIRE) -- Pinnacle Renewable Energy Inc., the Canada-based international supplier of sustainable bioenergy pellets, and British energy … Vancouver-based Pinnacle is the world’s third-largest manufacturer and distributor of industrial wood pellets, a sustainable fuel for renewable electricity generation. Magic City Blight Busters look to beautify Birmingham neighborhoods, James Spann: Alabama highs hold in the 90s through the weekend. 21 Pinnacle Renewable Energy jobs available in Alabama on Indeed.com. Pinnacle’s Canadian production facilities are all located on major rail lines allowing for efficient rail transport to one of two shipping terminals on the B.C. Economy. Another major wood pellet production facility is in the works for Alabama. Pinnacle has signed an agreement under Alabama’s Jobs Act Incentives program. Pinnacle has entered into long-term take-or-pay contracts with utilities in the U.K., Europe and Asia that represent an average of 99% of its production capacity through 2026. Pellet production is a growth industry creating long-term jobs and end products with a low environmental impact. VANCOUVER, BC, July 14, 2020 /PRNewswire/ - Pinnacle Renewable Energy Inc. ("Pinnacle" or the "Company") (TSX: PL) today announced its subsidiary, Alabama Pellets, LLC ("Alabama Pellets… Q4 2020 Revenue of $116.9 million; Adjusted EBITDA of $15.4 million.