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Article: Investments in peat fuel promise big potential for Aboriginal partners.(Special Report: Aboriginal Business)
- Article from:
- Northern Ontario Business
- Article date:
- March 1, 2006
- Author:
CopyrightCOPYRIGHT 2006 Laurentian Business Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Prospecting for peat may be the next pet project in Northern Ontario.
Peat fuel, relatively ignored in North America, is now more attractive than ever as First Nations, government and industry examine ways to fortify northwestern economies and the provincial power supply.
Peat is found in blanketed bogs where high rainfall occurs. A handful of peat and a handful of coal can produce the same amount of energy, but peat has one-tenth the sulfur, negligible mercury and reusable ash residue, Peat Resources Ltd. regional manager Wayne McLellan says.
If the new fuel gets Ministry of Energy approval, McLellan says a facility would be set up 130 ...