Pinnacle Renewable Energy announced that it has entered into an extension of a long-term, take-or-pay off-take contract with Mitsubishi Corporation Ltd. Under the terms of the extension, Pinnacle will supply 80,000 to 90,000 metric tons per annum of industrial wood pellets to Mitsubishi beginning in first quarter of 2023. The industrial wood pellets will be used by a biomass power generation plant in Japan.