Canfor Pulp Announces Extended Production Outage at Northwood Pulp Mill

Rayonier Advanced Materials Inc. and GreenFirst Forest Products Inc. announced that the parties have entered into a binding asset purchase agreement pursuant to which RYAM has agreed to sell all of its lumber and newsprint facilities and related assets located in Ontario and Québec to GreenFirst for an expected purchase price of approximately US$214 million including inventory on hand at the time of closing which is payable approximately 85% in cash, 15% common shares of the capital of GreenFirst. In addition, a chip offset credit note will be issued to RYAM by GreenFirst in the amount of CDN$7.9 million, which may be set off against amounts owing to GreenFirst for chip purchases, equally over the next 5 years. Notably, RYAM will retain all of the cash generated by the Purchased Assets plus all softwood lumber duties, including earned interest on the duties, paid to the U.S. Department of Commerce through the closing date. RYAM estimates the duties to be approximately $110 million at the time of closing. The Purchased Assets: *include six lumber mills which are located in Chapleau, Cochrane, Hearst and Kapuskasing in Ontario and in Béarn and La Sarre in Québec as well as one newsprint mill located in Kapuskasing, Ontario. *produced 604 million board feet in 2020 with a combined nameplate capacity of 755 million board feet and are capable of producing a wide range of forest products used in residential and commercial construction, including dimensional lumber, wood chips and by-products. *include the lumber and newsprint mills as well as certain real property, machinery, inventory, permits, licenses and other related assets. *exclude accounts receivable and accounts payable.

UPM Biochemicals and URSA, one of the leading producers of glass wool and mineral wool in Europe, today announced the development of more environmentally friendly building insulation that will help to reduce energy consumption and lower CO2 emissions. URSA will produce sustainable glass wool made from an innovative, binder based on UPM BioPiva™ lignin. It will be one of the most natural insulation material available on the market. The new binder implemented by Ursa is based on the proprietary lignin-resin technology developed by UPM Biochemicals. URSA and UPM Biochemicals have closely collaborated in optimizing binder composition for best physical characteristics of the new insulation material and smooth runnability on URSA’s production lines.

Providing products people around the world rely on every day involves not just manufacturing, but also millions of miles of transporting. By using smart shipping practices, Domtar has reduced the environmental effects of transporting its products. In 2021, we will move about 240,000 pulp and paper shipments over the road. To get them to their destinations, drivers will travel more than 126 million miles, which is equal to about 5,100 trips around the equator. Our products are also traveling by train. Nearly 1,120,000 tons of our pulp and paper will be packed on more than 16,000 rail cars in North America. Over the last 10 years, we have circumvented more than 650,000 metric tons of greenhouse gas emissions through strategic planning that helps us get products moved as efficiently as possible while also limiting our impact on the environment. “We have a sophisticated and cost-effective third-party distribution network to get products to customers,” says Debbie Campbell, Domtar’s director of transportation. “Yet we’re always looking at ways to improve efficiency and sustainability when it comes to transporting our products.” Click read more below for additional detail.