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Verso, Sappi and Catalyst paper mills in Maine to get bulk of $3 million in aid from carbon auction cash

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Verso, Sappi and Catalyst paper mills in Maine to get bulk of $3 million in aid from carbon auction cash

October 25, 2016 - 15:46
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PORTLAND, ME, Oct. 25, 2016 (Bangor Daily News) -Maine paper makers will get more than half of a new $3 million fund to give special energy cost rebates to large Maine manufacturers connected to the New England power grid.

In the coming year, Verso, Sappi and Catalyst will share about $1.5 million of the fund, supported by proceeds from a regional auction of carbon dioxide emissions credits that emitting electricity generators are required to buy.

Paper packaging maker Huhtamaki, in Waterville, will get about 12 percent of the funds, or $365,457, over the next year. Semiconductor manufacturers Texas Instruments and Fairchild Semiconductor will get the next-largest allotment by industry, with about 10.5 percent of the funds.

Bangor Daily News - Maine paper mills to get bulk of $3M in aid from carbon auction cash

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