CanFor to invest $70 million in 400,000 bpy Licella biocrude plant

In Canada, following CanFor’s announcement to create a joint venture with Licella for development of a biocrude project, the company has further revealed plans to install the technology at a new facility in Prince George where it hopes to produce 400,000 barrels of fuel per year from wood waste at its pulp mills. The facility is expected to cost around $70 million. Licella began trialing the technology on CanFor’s wood waste as far back as 2013.