Cellufuel Targets $200M in Revenue
Cellufuel’s plan to open a demonstration biofuel facility in Brooklyn, N.S., this summer is just the first step of an ambitious industrial enterprise intent on having 10 plants within five to six years producing $200 million in annual revenue.
The Halifax company captured media attention late last year when the provincial government said it would set up a facility in the former Bowater Mersey paper mill in Brooklyn, near Liverpool, which had just closed due to weak demand for paper. The biofuel facility, financed in part from a $500,000 contribution from the provincial government, will be