Cascades invests in biorefinery project at Cabano plant
Renewable company Cascades has invested in a new technology at its Norampac-Cabano facility. This new process extracts hemicellulose from woodchips.
The project is worth a total $26 million (€24.5 million). It is backed by a $10 million investment from Natural Resources Canada's Investments in Forest Industry Transformation (IFIT) programme and an additional $4.4 million from the Québec Ministère des Forêts, de la Faune et des Parcs.
This financing will see the Cabano plant replace its current process – the production of sodium carbonate-based chemical pulp – with this new, more environmentally friendly and economical one that was developed in conjunction with a US partner.
'This investment is another example of how our government is helping Canada's forest industry bring innovative, high-value products to the marketplace, increasing Canada's global competitiveness and protecting jobs in the local community,' the Honourable Greg Rickford, federal Minister of Natural Resources, said in a statement.