SAO PAULO, Sept. 6, 2013 (RISI) - Brazilian pulp producer Eldorado Brasil has applied to the Brazilian middle west dvelopment fund (FDCO) to raise Real 1.4 billion for the expansion of its 1.3 million tonnes/yr bleached eucalyptus kraft (BEK) pulp mill in Três Lagoas, Mato Grosso do Sul. The funds would be used for the construction of a new 2 million tonnes/yr BEK pulp line, estimated at Real 7 billion and scheduled to start operating in 2017.
"This was a very important day for Eldorado Brasil. It's one more step towards the construction of our second production line. After concluding this phase, Mato Grosso do Sul state will house, alongside Eldorado, the largest pulp industrial complex in the world," Eldorado CEO, José Carlos Grubisich, commented.
Grubisich first announced the company's intentions of building a 2 million tonnes/yr line - instead of the previously planned 1.7 million tonnes/yr line - last August, in the CEO/Executive Panel Discussion at RISI's Latin American Pulp and Paper Outlook Conference, in São Paulo, Brazil.