Metsä Group completed the sale of its Russian subsidiaries to VLP Group

According to the November 2017 Printing-Writing Monthly report from the American Forest & Paper Association, total printing-writing paper shipments decreased six percent in November compared to November 2016. Shipments of uncoated free sheet shipments remained flat while the remaining three major printing-writing grades declined year-over-year. Total printing-writing paper inventory levels increased less than one-half of one percent from October 2017. •November uncoated free sheet (UFS) paper shipments were flat year-over-year following year-over-year increases in two of the previous three months. •Shipments of coated free sheet (CFS) paper in November declined by a double-digit percentage for the second consecutive month. •Coated mechanical (CM) paper shipments declined year-over-year in November for the sixth consecutive month. •Exports of uncoated mechanical (UM) papers decreased 4% year-over-year in September, but reached second-highest level in the past 24 months. Click Read More below for additional information.

Resolute’s commitment to renewable energy benefits both the environment and our bottom line. We generate three quarters of our total energy needs from renewable sources such as carbon-neutral biomass and hydroelectricity. In 2020, our commitment to renewable energy continued to result in a significant drop in greenhouse gas (GHG) emissions intensity, which reflects the volume of emissions per unit of production. We recorded a 56% reduction in GHG emissions intensity compared to 2000 levels, a tangible demonstration of Resolute’s carbon leadership. We also reduced our absolute GHG emissions by 83.4% over 2000. Replacing high-emission fuels like coal with less-carbon-intensive fuels benefits both the environment and our bottom line. We have been scope 1 coal-free since April 2014. We have also reduced the use of bunker C oil at our Clermont, Dolbeau and Saint-Félicien mills in Quebec, and initiatives are currently underway at several facilities to reduce the use of natural gas and to promote biomass or electricity utilization. In 2020, 75% of our fuel energy needs were met using biomass, including bark, wood residues and biosolids, which we use to help power our facilities rather than sending these waste products to landfill. This approach reduces our consumption of fossil fuels, as well as the GHG emissions associated with their use.

At Resolute, we continue to deliver on our strong commitment to climate change mitigation and green energy projects that optimize the use of renewables. Our two Florida tissue mills – Sanford and Hialeah – are taking advantage of the Sunshine State’s favorable climate to participate in ™, a community program offered by Florida Power & Lighting (FPL) that helps local homes and businesses access emissions-free energy. FPL operates dozens of solar energy centers across the state, increasing the use of solar power on the energy grid and helping to offset the use of other non-renewable energy resources. Resolute began participating in SolarTogether in July 2021. We anticipate a total annual reduction in greenhouse gas (GHG) emissions of about 7,000 metric tons (7,716 short tons) of CO2 equivalent (CO2e) in 2022 for our two Florida tissue mills. “This innovative program is helping Resolute achieve our sustainability targets,” said Patrice Minguez, president of Resolute Tissue. “Not only are we purchasing green energy to power our Florida operations, we are proud to support Florida’s clean energy revolution.”