Rayonier Advanced Materials Announces Sale Of GreenFirst Forest Products Inc. Shares

Lecta is pleased to announce an agreement with Naturgy, a multinational energy group, for the supply of renewable gas that will contribute to the decarbonization of its manufacturing activity. Biomethane gas, a renewable gas obtained from the treatment of different types of waste with properties similar to those of natural gas, will now be used as an energy source in Lecta's Spanish mills in Leitza (Navarra) and Zaragoza. The renewable gas supplied by Naturgy has certified guarantees of origin and sustainability tests that assure Lecta of the reduction of emissions derived from our industrial activity and the fulfillment of the sustainability commi​tments set in our 2030 Agenda. Lecta is firmly committed to sustainability, energy efficiency and decarbonization. This collaborative effort and commitment to the use of renewable energy is one more step the company has taken towards protecting the environment, combating climate change and promoting the circular economy.

Solenis, a leading global producer of specialty chemicals for water-intensive industries, will invest $193 million to expand its operation in the City of Suffolk, Virginia. The company will build a new 80,000-square-foot production facility, packaging facility and tank farm, and add a new rail spur to accommodate production of polyvinylamine (PVAm) polymer products, which are used in paper and cardboard manufacturing. This new facility will be used to grow the existing polymer product line and add additional capacity of this critical monomer to the existing supplier. The project will create 34 new jobs. “Solenis is a global leader in the specialty chemical industry with a 40-year history in the City of Suffolk, and this major investment and expansion demonstrates that manufacturing is thriving in the Commonwealth of Virginia,” said Virginia Governor Glenn Youngkin. “Hampton Roads has the skilled workforce, business climate, and logistics advantages, including our world-class port, to enable Solenis to add significant capacity to supply the international paper manufacturing market.”

Stora Enso has signed an agreement to divest its paper production site in Hylte, Sweden and all its related assets to Sweden Timber, a Sweden-based sawmill and planing mill company. The enterprise value is approximately EUR 18 million. The completion of the transaction is expected in the first half of 2023. Concerning the Anjala paper site in Finland, Stora Enso has decided to discontinue the divestment process. The Hylte site transaction, along with the discontinuation of the Anjala divestment, concludes Stora Enso’s plan announced in March 2022 to divest four of Stora Enso’s five paper production sites. In line with its strategy, Stora Enso’s focus is on long-term growth for its renewable products in packaging, building solutions and biomaterials innovations. The retained Anjala and Langerbrugge sites will continue paper production and serving their respective customers. The agreement to divest the Hylte paper site to Sweden Timber has no immediate impact on production nor customer deliveries.