Colorado Biomass Power Plant Set For Auction
Eagle Valley Clean Energy in Gypsum, Colo. filed for bankruptcy in spring 2024, after the facility closed abruptly in November. Officials report an Illinois real state company has the leading bid to acquire the facility and will likely do so for $2.45 million. Started up in 2013, the plant was the first in the state constructed primarily to utilize biomass material coming off timber salvage and forest health restoration projects, and the closure eliminates a major market that allows such projects to go forward. The plant utilized 250 tons/day, and produced 11.5 MW.
Acquired by Greenbacker Renewable Energy in 2019, Eagle Valley Green Energy’s bankruptcy filing includes more than $600,000 owed to logging and forest restoration specialist West Range Forest Products. West Range has multiple forest health projects in regional national forests that produce biomass and related fuel wood. Noting that the plant buyer’s proposal included not renewing Eagle Valley Clean Energy’s power sales contract with a local utility, there’s little likelihood the facility will be put back into service and its 90 acre site will be repurposed.
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West Fraser To Sell Two Pulp Mills
West Fraser Timber Co. Ltd. and Atlas Holdings have announced the signing of a definitive agreement for the sale of West Fraser’s Quesnel River Pulp mill in Quesnel, British Columbia and its Slave Lake Pulp mill in Slave Lake, Alberta to Atlas. Atlas owns and operates several pulp, paper and wood products businesses in Canada and the U.S. The agreement includes related woodlands operations and timber holdings in Alberta and a long-term fiber supply agreement for the Quesnel facility…
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