Fibrek Awarded $6.1 Million in Government Funding for Saint-Felicien Pulp Mill

March 25, 2011 - Natural Resources Canada said that Fibrek will receive $6.1 million under the Pulp and Paper Green Transformation Program for an energy-related project at the company's Saint-Felicien pulp mill.

The funding will allow Fibrek to install five electrical motors that will increase its green energy production capacity by approximately six megawatts. NRC estimates that the project will also help save enough energy to power over 1,700 homes.

"This timely help from the federal government is an incentive toward the completion of a very important project for Fibrekís cogeneration facilities in Saint-Felicien," said Pierre Gabriel Cote, president and CEO of Fibrek. "This project will allow us, not only to increase our leadership in the production of green energy, but also to improve our millís competitiveness."

Fibrek is one of 24 pulp and paper companies across Canada that qualified for credits under the Pulp and Paper Green Transformation Program. Fibrek has generated a total of $20.9 million in credits.

Located in the Lac Saint-Jean region (about 450 kilometres north of Montreal), the Saint-Felicien mill manufactures 375,000 metric tonnes of high-quality NBSK pulp annually.

SOURCE: Natural Resources Canada and Fibrek