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Farris LLP: Vancouver's Law Firm

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25 February 2010

Partners Gropper and Hudec complete Pacific BioEnergy Deal

Farris client Pacific BioEnergy Corporation, a leading B.C. biomass energy company, and global energy leader GDF SUEZ have announced that they have entered into a strategic partnership to support a $24 million expansion of Pacific BioEnergy’s existing wood pellet production facilities in Prince George, BC.

GDF SUEZ will purchase 2.5 million tonnes of carbon-neutral wood pellets from the expanded Prince George plant for its electrical generating facilities in Belgium over the next 10 years. This will replace approximately two million tonnes of coal and reduce net CO2 emissions by over 4 million tonnes, the equivalent of taking over two million cars off the road for a year

The deal, which will result in cleaner air in Prince George, new jobs and greater use of mountain pine beetle killed timber from surrounding forests, was showcased by Premier Gordon Campbell at the recent Clean Energy Day promoting British Columbia’s core industries, diverse regions and communities, and investment and job-creation potential throughout the province.

Farris Partners Mitchell Gropper, Q.C. and Al Hudec and Associate Jamie Matthews acted for Pacific BioEnergy.

Providing legal services for clean and renewable energy projects is an active and growing area of practise for Farris. Such projects continue to be a cornerstone of the Province’s climate action plan and the Premier noted the “incredible growth and innovation taking place in the province” in his speech at the Clean Energy Day event.

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