Pinnacle Renewable Energy and NYK Bulk & Projects Carriers (NYKBP) have entered into a 15-year agreement to export wood pellets to key ports in Japan, with support from both countries’ governments. The agreement has been developed over the period of a year, including the launch of a new vessel, the New Pinnacle. The Handy-class vessel will carry roughly 33,000 tonnes of wood pellets on an average of six sailings per year beginning in January 2021, and will utilize both the Woodfibre Terminal in North Vancouver and Westview Terminal in Prince Rupert.
