Paper Excellence announced that it has received $8.6 million of the more than $70 million in provincial funding announced by the CleanBC Industry Fund on Jan. 31.
CleanBC Industry Fund is a provincial government program that invests a portion of government’s carbon tax revenues into businesses working on emission reduction projects. This round of funding is expected to reduce emissions by 4.6 million tons of CO2 equivalent over the next decade.
“This funding is being invested at four of our BC mills into projects that will reduce the mills’ greenhouse gas (GHG) emissions and improve efficiency,” said Graham Kissack, Vice President, Environment, Health & Safety, and Corporate Communications. “Programs like the CleanBC Industry Fund are helping industry achieve British Columbia’s ambition for a low carbon future.”
The four mills — Catalyst Crofton, Catalyst Port Alberni, Howe Sound Pulp & Paper, Skookumchuck Pulp — employ more than 1,500 people in rural BC and make an economic contribution of $2.25 billion annually.
“Separate from the economic impact these mills have in their local communities, our products are spearheading carbon reduction every day,” said Kissack. “Our paper and pulp products are made from a renewable resource that often displace existing plastic products.”