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Canadian National keen on green energy

Hauling wood pellets is a growing part of Canadian National Railway's business. The railway said it is “on track” to move 800,000 tons of pellets this year and sees opportunity on the green energy front to haul more in the future.
Northern Ontario Business Staff

 
Hauling wood pellets is a growing part of Canadian National Railway's business.
 
The railway said it is “on track” to move 800,000 tons of pellets this year and sees opportunity on the green energy front to haul more in the future.

The railway is out beating the drum that it wants to hop on the wood pellet bandwagon in a big way.

“Since 2005, we have experienced a 16 per cent compounded annual growth in our wood pellet traffic, and we growing potential for this business in domestic and international markets,” said James Foote, CN's executive vice-president of sales and marketing in a Nov. 5 statement.

The company said besides the growing residential and utility use of wood pellets in Canada and internationally, Ontario Power Generation plans to convert some of its coal-fired generating units to agricultural and forest biomass. The Atikokan Generation Station will be the first online in 2012.