Industrial Energy Multimodal Espanola

Bioveld North

New Beginnings

Investor: Business EQ

Built on the established site of the 120-year-old Espanola Pulp and Paper Mill, Bioveld North is a 8,823-acre project dedicated to advancing energy and bioeconomy innovation.

The site will function as a complement to BMI’s Bioveld Niagara Energy Innovation and Enterprise Park and join a growing portfolio of revitalizing industrial properties across Canada.

With strong multimodal connectivity and a resilient industrial base, Bioveld North will honour the region’s papermaking legacy as it transforms into a cornerstone of sustainable industry in Northern Ontario.

Project Opportunities

1. Putting Wood Back To Work

With access to rich regional wood fibre resources, Bioveld North will work with CHAR Technologies and other partners to advance bio-based and energy initiatives, building on the site’s established infrastructure.

2. Ensuring Hydropower

By reinvesting in the refurbishment of the 16 MW hydro dam, together with its experienced operations team, the facility will maintain its important role in supporting Ontario’s renewable energy supply.

3. Long-Term Planning

The project lands include the main mill site, surrounding lands, several dams, and a golf course covering a total of 8,823 acres. With such a significant footprint, BMI is working with the Town of Espanola to align redevelopment plans with local goals.

As part of its ongoing planning for the future of the site, BMI is actively engaged in discussions with Sagamok First Nation and Whitefish River First Nation and looking to engage other Indigenous communities in further conversations.

“Our objective is to ensure that the redevelopment of the site aligns with our shared goals and contributes to sustainable, long-term benefits for the region.”

Darrin Spence Director of Indigenous Initiatives, BMI

September 2025

From left: 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.