BioFuel Project Delayed

A Toronto biofuel company says it wanted to begin retrofitting Marathon’s vacant pulp mill this fall.
But Protocol Biomass says it has been stymied by the slow process of rejigging the province’s wood supply system.
Company president Tom Logan says they want to manufacture wood pellets and ship them to European markets.
Logan says as long as the operation can get enough raw wood from area Crown forests, the company would spend 100-million dollars installing new equipment and eventually create up to 125 jobs.
But Logan says no bank will give them financing with only a two-year wood supply.
The wood could become available under a new forest management group consisting of area municipalities and First Nations.