ANDRITZ to supply evaporation plant to ITC Paperboards and Specialty Papers Division in India

Stora Enso and Northvolt are joining forces to create sustainable batteries using lignin-based hard carbon produced with renewable wood from the Nordic forests. The aim is to develop the world’s first industrialised battery featuring anode sourced entirely from European raw materials, lowering both the carbon footprint and the cost. The companies have entered into a Joint Development Agreement to create a sustainable battery featuring anode produced from renewable raw materials sourced sustainably and locally in the Nordic countries. “The joint battery development with Northvolt marks a step on our journey to serve the fast-growing battery market with renewable anode materials made from trees. Our lignin-based hard carbon, Lignode® by Stora Enso, will secure the strategic European supply of anode raw material, serving the sustainable battery needs for applications from mobility to stationary energy storage,” says Johanna Hagelberg, Executive Vice President for Biomaterials at Stora Enso.

Heinzel Holding GmbH and Paracel S.A. jointly announce that Heinzel has entered into an investment agreement to become the strategic equity investor in Paracel, an afforestation and pulp mill project in Paraguay, South America. Paracel has now received equity commitments from a group of Paraguayan and European business families, with Heinzel's investment completing the needed strategic equity for the project. Heinzel will hold 25% of Paracel's shares at project completion. Paracel is planning to produce 1.8 million metric tons of eucalyptus pulp per year in Concepción in northern Paraguay, with forestry assets of more than 180,000 hectares of land owned by the company. Since the start of the project in late 2018, the pioneering project has passed important milestones: Paracel has already planted more than16,000 hectares of forestry, completed the design of the pulp mill, received the construction permit and completed the required environmental and social impact assessments. It has started significant groundworks on the mill site and kicked off social programs and conservation projects for native forests. As one of the world's major afforestation projects it has also completed documentation for the carbon sequestration effect of planting more than one hundred million trees.

GreenFirst Forest Products Inc. is pleased to announce that it has entered into a definitive agreement to sell its La Sarre and Béarn sawmills and its Abitibi and Témiscamingue forestry operations, as well as their related assets and business operations (the “Quebec Assets”) to Chantiers Chibougamau Ltée (“Chantiers Chibougamau”), a long-standing Quebec-based and family-controlled forestry company, for approximately $90 million in cash payable at closing, including approximately $40 million for specific working capital items (subject to customary closing adjustments). Quebec-based employees are expected to continue to be employed by Chantiers Chibougamau post-closing. GreenFirst expects to use the net proceeds from the sale to strengthen its balance sheet and continue investing in its Ontario operations. The sale of the Quebec Assets is expected to close in Q1 2023.