Brief: Pinnacle Renewable Energy Announces New Off-Take Contracts In Japan And South Korea
15/07/2019 10:06
July 15 (Reuters) - Pinnacle Renewable Energy Inc PL.TO :
* ANNOUNCES NEW OFF-TAKE CONTRACTS IN JAPAN AND SOUTH KOREA
* NEW CONTRACTS INCREASE CONTRACTED BACKLOG TO $6.9 BILLION AND INTRODUCE SECOND CUSTOMER IN
SOUTH
KOREA
* CONTRACT IN JAPAN IS AN EXTENSION OF AN EXISTING CONTRACT WITH MITSUBISHI CORPORATION
* PINNACLE WILL SUPPLY 110,000 TO 120,000 METRIC TONS PER ANNUM ("MTPA") OF INDUSTRIAL WOOD
PELLETS TO MITSUBISHI BEGINNING IN 2021
* CONTRACT IN SOUTH KOREA IS WITH GS GLOBAL CORPORATION
* PINNACLE WILL SUPPLY 100,000 MTPA OF INDUSTRIAL WOOD PELLETS TO GS BEGINNING IN 2022
Source text for Eikon: ID:nCNWqQdFXa
Further company coverage: PL.TO
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