Lagging fibre supply gets $50M jumpstart for pulp and paper industry

  • 📰 CHEK_News
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 55%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

B.C. Premier David Eby announced $50 million in funding Thursday to increase the fibre supply for the struggling pulp and paper industry.

“We know that access to fibre is one of the most critical challenges facing the industry and we’re working hard to find new sources,” said Eby.

“This aligns with the government’s CleanBC Roadmap to 2030 and its focus on creating more well-paying jobs within the forestry industry,” the ministry said. The statement also touted the positive impact the investment will have on B.C. communities by keeping local mills running, while also addressing issues of wildfire risks and reducing carbon emissions.

The BC Pulp and Paper Coalition has been lobbying the government for this kind of money in order to solve a wood fibre shortage in B.C. that has resulted in the closure of many mills. He said Price Waterhouse Coopers recently determined that a $150 million investment by the province to retrieve discarded fibre could have a return worth billions of dollars.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 59. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Where is the fiber coming from? We need to farm sources of fiber other than logging.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. consumer staples stocks limp after solid performance in 2022Grocers, packaged food companies and supermarkets have been lagging in the first three weeks of 2023
Source: globeandmail - 🏆 5. / 92 Read more »