BMI Group, a company specializing in industrial site revitalization and sustainable development, has officially completed its purchase of the former Domtar Espanola Pulp and Paper Mill.
Paul Veldman, CEO of BMI, says the site will operate as Bioveld North Inc., a complement to BMI’s Bioveld Niagara Energy Innovation and Enterprise Park, dedicated to advancing energy and bioeconomy innovation.
Since signing the asset purchase agreement in April 2025, BMI has received approvals from both the Ontario Energy Board and the Independent Electricity System Operator.
The project will retain the existing employees currently operating the hydro dam through its energy subsidiary, Penstock Power LP. “The team’s continued presence, professionalism, and specialized expertise will help ensure the facility’s meaningful contribution to Ontario’s renewable energy supply,” says Veldman.
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 is 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,” adds Darrin Spence, Director of Indigenous Initiatives at BMI.
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.
“The redevelopment of the mill site marks a new chapter for Espanola,” said Douglas Gervais, Mayor of the Town of Espanola. “We look forward to working together to attract investment, create jobs, and build a strong future for our town.”
