July 4 (Reuters) - Pinnacle Renewable Energy Inc PL.TO :
* PINNACLE RENEWABLE ENERGY ANNOUNCES PARTNERSHIP WITH TOLKO INDUSTRIES TO DEVELOP NEW PRODUCTION FACILITY IN NORTHERN ALBERTA
* UNDER DEAL, PINNACLE AND TOLKO WILL EACH OWN A 50 PERCENT INTEREST IN FACILITY
* PINNACLE RENEWABLE ENERGY - CAPITAL COST OF FACILITY EXPECTED TO BE APPROXIMATELY $54 MILLION, WITH 50 PERCENT FUNDED BY PINNACLE AND 50 PERCENT BY TOLKO
* INITIAL WOOD PELLET PRODUCTION AT FACILITY IS EXPECTED TO COMMENCE IN Q4 OF 2020
* WILL FUND ITS PORTION OF CAPITAL COSTS FROM DRAWS ON ITS RECENTLY EXPANDED CREDIT FACILITIES
* FACILITY IS EXPECTED TO HAVE A RUN-RATE PRODUCTION CAPACITY OF 170,000 TO 200,000 METRIC TONS PER ANNUM