Increased Energy Efficiency At Mill In Trenton
The Forest Sector Prosperity Fund grant of $1.8 million for Norampac's Trenton mill is part of almost $157 million the Ontario government has announced in support of 21 projects under the Prosperity Fund and Loan Guarantee Program.
Accepted and committed offers will generate about $602 million in new private sector investment.
Other announced offers include:
- A $1.56 million grant and a loan guarantee of $2.4 million to Greenview Wood Products towards a $12.3-million project to restart a sawmill and set up a cogeneration operation in Harcourt
- A grant of $300,000 to Columbia Forest Products towards an investment of about $3 million in new equipment for its Hearst plywood mill
- A conditional loan guarantee of $5 million - plus a grant of $700,000 - to Haavaldsrud towards the installation of a new $7-million saw line at its Hornepayne facility
- A grant of $320,000 to Niska North to support the establishment of a cedar sawmill in Chapleau.
Forest Sector Prosperity
The McGuinty government is investing more than $1 billion over five years through various programs to increase the competitiveness of Ontario's forest industry. Since June 2005, these programs have been stimulating new forest sector investments in value-added manufacturing and co-generation, helping the industry reposition itself in the global marketplace.
The Ontario government's investments include:
- $350 million in loan guarantees to stimulate new investment in value-added manufacturing, energy conservation and energy co-generation
- $150 million over three years in conditional grants to support new capital investments
- $140 million in electricity rebates for Northern pulp and paper mills
- $75 million annually for the construction and maintenance costs of primary and secondary forest access roads
- $70 million in a one-time stumpage fee refund in 2005/06
- $10 million per year to enhance the Forest Resource Inventory
- Up to $3 million a year for four years to reduce timber fees for poplar veneer and white birch
- $1 million per year in an Ontario Wood Promotion program to enhance value-added manufacturing.