BMI Completes Purchase of Espanola Mill
BMI Group has completed its purchase of the former Espanola pulp and paper mill, launching Bioveld North Inc. to drive energy and bioeconomy innovation.
The site will operate as a complement to BMI's Bioveld Niagara Energy Innovation and Enterprise Park. BMI received approvals from the Ontario Energy Board (OEB) and the Independent Electricity System Operator (IESO) since signing the asset purchase agreement in April 2025.
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Attendees at the launch included Councillor Nelson Toulouse, Sagamok Anishnawbek; Peter van den Dool, Partner, Business EQ; Ralph Segers, Partner, Business EQ; Gimaa Angus Toulouse, Sagamok Anishnawbek; Sander Eskes, Partner, Business EQ; Douglas Gervais, Mayor Espanola; John Veldman, COO, BMI; Chief Rodney Nahwegahbow, Whitefish River; Bill Rosenberg, MPP, Algoma—Manitoulin.
Author's summary: BMI launches Bioveld North Inc.