Pinnacle to take over plants and orders of PacBio

The energy group Drax Group plc. of London, UK, produced a total of 2.0m t (Jan.-June 2021: 1.3m t) of pellets in the first half of 2022. The increase of almost 54% in mainly attributable to last year’s takeovers of and stakes acquired in pellet producers in North America, capacity enlargement at existing works, and...

The US pellet manufacturer Enviva Inc. (Enviva) of Bethesda, Maryland, in aiming to increase annual production at the Ahoskie works in North Carolina from the present 410,000 t or so to over 600,000 t. Enviva has submitted a corresponding application to the N.C. Department of Environmental Quality’s Division of Air...

By taking over Holzindustrie Torgau GmbH & Co. KG (HIT) of Torgau, Germany, as agreed by contract on 22 July 2022, the Mercer group of Vancouver in British Columbia, Canada, wants to significantly extend its activities in the sawnwood and wood products segments. €270m, roughly equivalent to US$275.4m, including a...