Kafus Industries Ltd. announced that Merrill Lynch has been retained to assist in raising the capital to finance the construction of Kafus' kenaf fiber newsprint mill in Lasara, Texas.
The kenaf newsprint mill will be the first of its kind in the world and Kafus has contracted to sell 100 percent of the mill's output under a 15-year off take agreement. Kafus, through its 90 percent-owned subsidiary KPM Lasara L.P. (KPM), has all permits and contracts to proceed toward a second quarter 2000 financial closing. Kafus is also developing a similar kenaf mill in Arizona as well as its first international kenaf mill in Spain.
The mill will use 100 percent kenaf feedstock and is expected to produce approximately 135,000 metric tons of newsprint using proven newsprint manufacturing technology.
Explore the February 2000 Issue
Check out more from this issue and find your next story to read.
Latest from Recycling Today
- LG details recycling activities
- Algoma EAF is up and running
- Toyota-Tsusho completes acquisition of Radius Recycling
- CATL, Ellen MacArthur Foundation aim to accelerate circular battery economy
- Commentary: Expanded polystyrene is 98 percent air, 2 percent plastic and 100 percent misunderstood
- AMCS appoints general manager for North America
- How tariffs, regulations affect LIBs recycling in US, EU
- Schwan Cosmetics introduces packaging free of styrene, ABS
