July 8, 2013 – Innovente announced it will open a new plant in Matane, Que., following the execution of a power supply contract with Hydro-Quebec for a term of 25 years for the production of 7.2 megawatts of electricity.

The Matane plant will be built in the RockTenn board mill (closed for over a year). It will employ up to 100 people during the erection period, says Innovente, and create about 40 jobs in the operational phase. The power delivery will be provided starting Fall 2015. The conversion project of the facilities, estimated at $20 million, will begin in the coming months.

“This third contract with Hydro-Quebec confirms the leadership of Innovente in the power production from organic waste,” said Richard Painchaud, president of Innovente. “We rejoice that a community such as Matane has chosen the technology of Innovente to revive the plant and implement a new viable, green and sustainable industry.”

Innovente’s technology involves using ‘biodryers’ that transform forest, industrial, agricultural and municipal residues into biofuel, which is then used to supply a cogeneration facility.