On July 13, 2016, Ensyn Corporation announced that construction had been initiated on a bio-crude production facility in Port-Cartier, Québec. The facility, the first commercial-scale facility of its kind in the province, is being developed by Ensyn, Arbec Forest Products Inc. and Groupe Rémabec, with $76.5 million in funding provided by the Governments of Canada and Québec. Construction is scheduled to be completed by the end of 2017.
The goal of the project is to convert forest residues into 40 million litres of renewable fuel oil per year. When upgraded into transportation fuels, this will remove up to 70,000 tonnes of CO2-equivalent emissions per year.
Arbec is a leading, privately-held forest products company operating in Eastern Canada, with twelve wood processing plants in Québec and New Brunswick.
Miller Thomson advised Arbec with respect to this project and its funding with a team that included Bernard Blouin, Yves Robillard, Bruno Caron and Julien Morier (corporate); Chad Eggerman (construction); Chantal Joubert (real estate); and Marco Rodrigues (financial services).
