U.S.-Mexican Agency Loans Money for Mexican Recycling Operation

The North American Development Bank and Industrial Papelera Solar signed a loan agreement for $8.6 million to build a paper stock plant and wastewater treatment plant in Mexico. The facility will be located in the Mexican state of Coahuila, across the border from Texas.

 “This loan is the second one to be signed with a private company in Mexico,” commented Raúl Rodríguez, NADB managing director. “It is a good indication that we are also working hard to finance a larger number of environmental infrastructure projects through private companies interested in investing in the environmental sector.”

The $20.98 million project contemplates integrating a paper production process using cardboard waste as the principal raw material instead of virgin wood resources, with the construction of a 2.3 million gallons per day (mgd) wastewater treatment plant that will serve two communities in the region.

The treatment plant will treat the wastewater produced by the recycling plant, as well as provide first time wastewater treatment services to 100 percent of the population in the communities of Allende and Morelos, Coahuila. About 1.9 million mgd of the treated water will be used to irrigate a green belt covering about 500 acres.

Construction is scheduled to begin in this month.

“We are very pleased to be signing this agreement with the NADB”, said Roberto Salinas, chairman of the Board of Grupo Solar, “We are a company that will produce environmentally friendly paper using state-of-the-art technology and will contribute to the development of Morelos and Allende by generating 400 jobs.