The Port Angeles Planning Commission, after hearing a slew of comments both for and against the project, approved conditional use and shoreline development permits at a meeting attended by about 60 people.
Nippon Paper Industries USA also will need air quality permits from the state, and waste discharge, storm water and building permits from the city before construction can begin.Read more
The company assured U.S. industry analysts this week that it expects the project to get the green light and the $80 million from the sale of an existing boiler at Port Hawkesbury by the end of the year.Read more
"In terms of the plant itself, the former pulp and paper mill in Saskatchewan, which had been identified as a preferred site, Domtar, informed us in August that the site would no longer be available to us," said Larry Lalonde, spokesman for Shell Canada, who became majority owners of Iogen last spring.
"As a result of that, Shell and Iogen are reviewing potential alternative sites."Read more
NewPage Corp., the Ohio company that owns the pulp mill NewPage Port Hawkesbury, lost $174 million in the second quarter of its financial year, despite an increase in sales.
The parent company, which has undergone a major shakeup of its top executives, reported having $7 million in cash and $113 million available on a line of credit. But it also has a debt of $3.4 billion.Read more