Fraser Papers Gets $33.1 Million Green Credits
Oct. 13, 2009 - Fraser Papers Inc. announced today that it has been allocated CAD$33.1 million in credits under the Government of Canada's $1 billion Pulp and Paper Green Transformation Program.
According to Fraser, the credits have been granted based on the company's black liquor production at its pulp mills in Edmundston, New Brunswick and Thurso, Quebec during 2009.
Fraser said it will receive the funds as a reimbursement of amounts invested in qualifying capital projects before March 31, 2012.
Credits earned at one pulp facility may be used to support eligible projects at another facility owned by the same company, Fraser said.
Fraser said that it's developing plans for a number of qualifying projects and expects to submit them for approval in the coming weeks.
SOURCE: Fraser Papers Inc.