Published On: Wednesday, 26 July 2017
Canfor Announces 2 New Capital Projects in Northern BC
PRINCE GEORGE - Canfor Pulp Products Inc. (TSX:CFX) has recently announced that it plans to undertake capital projects at its Northwood Northern Bleached Softwood Kraft ("NBSK") Pulp mill located in Prince George, and its Bleached Chemi-Thermo Mechanical Pulp ("BCTMP") mill located in Taylor, BC.
The Northwood project will install a new 32 megawatt condensing turbo-generator for an estimated cost of $65 million.
The Taylor project will upgrade the refining line for an estimated cost of $40 million. The Taylor project will be partially funded through BC Hydro's conservation program incentives.
These projects will yield a significant improvement in overall mill energy efficiency and will result in a reduction in total fuel consumption. The sustaining benefits of the projects will also include reductions in mill water use, steam use per tonne of pulp and natural gas consumption.
"These projects reflect Canfor Pulp's commitment to sustainable pulp production while continuing to improve the cost competitiveness of our pulp mills," said Canfor Pulp President Brett Robinson.