VANCOUVER, BC, July 26, 2017 (CNW) -Canfor Pulp Products Inc. announced today that it plans to undertake capital projects at its Northwood Northern Bleached Softwood Kraft ("NBSK") Pulp mill located in Prince George, British Columbia ("BC"), and its Bleached Chemi-Thermo Mechanical Pulp ("BCTMP") mill located in Taylor, BC.
The Northwood project will install a new 32 megawatt condensing turbo-generator for an estimated cost of $65 million.
The Taylor project will upgrade the refining line for an estimated cost of $40 million. The Taylor project will be partially funded through BC Hydro's conservation program incentives.
These projects will yield a significant improvement in overall mill energy efficiency and will result in a reduction in total fuel consumption. The sustaining benefits of the projects will also include reductions in mill water use, steam use per tonne of pulp and natural gas consumption.
"These projects reflect Canfor Pulp's commitment to sustainable pulp production while continuing to improve the cost competitiveness of our pulp mills," said Canfor Pulp President Brett Robinson.
Canfor Pulp Products Inc. is a leading global supplier of pulp and paper products with operations in the central interior of British Columbia ("BC") employing approximately 1,300 people throughout the organization. Canfor Pulp owns and operates three mills in Prince George, BC with a total capacity of 1.1 million tonnes of Premium Reinforcing Northern Bleached Softwood Kraft ("NBSK") Pulp and 140,000 tonnes of kraft paper, as well as one mill in Taylor, BC with an annual production capacity of 220,000 tonnes of Bleached Chemi-Thermo Mechanical Pulp ("BCTMP"). Canfor Pulp is the largest North American and one of the largest global producers of market NBSK Pulp. CPPI shares are traded on the Toronto Stock Exchange under the symbol CFX.