Resolute Forest Products Inc. has released third quarter financial results, reporting progress with the development of its Thunder Bay pellet project reports Biomass magazine.

“We’ve just completed the construction of our Thunder Bay pellet plant, which is now in the ramp-up mode,” said Richard Garneau, president and CEO of Resolute Forest Products, during an investor call. “It will produce 45,000 metric tons of pellet annually under a 10-year supply agreement with the Ontario Power Generation. “This innovative project together with our other initiatives speak to the momentum we are developing in our wood products business.”