Wood pellets produced at the Demopolis facility,as it will be called due to its location adjacent to an existing large sawmill in Demopolis,Alabama,will be sold through Pinnacle's contracted backlog of long-term,take-or-pay offtake contracts.Commissioning of the Demopolis facility is expected in the second quarter of 2021.The new facility will operate under a single partnership with Pinnacle,The Westervelt Company(TWC),a diversified land resources company,and Two Rivers Lumber Company(TRL),a McElroy Enterprises company,holding a 70%,20% and 10% interest respectively.TWC will sell a 10% interest of its currently held 30% interest in the Aliceville facility to TRL.
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