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Canfor uses federal funding for $100-million boiler upgrade

Canfor Pulp LP has received approval from the Canadian federal government for funding of its $100 million capital project to upgrade the recovery boiler at its Northwood Pulp Mill in Prince George, B.C. The project is planned for completion in…

Canfor Pulp LP has received approval from the Canadian federal government for funding of its $100 million capital project to upgrade the recovery boiler at its Northwood Pulp Mill in Prince George, B.C. The project is planned for completion in the fourth quarter of 2011 and is expected to provide economic and environmental benefits.

Canfor Pulp LP was allocated credits up to $122.2 million from the Pulp and Paper Green Transformation Program announced in 2009. The program is designed as a reimbursement of funds to be spent on qualifying energy and environmental capital projects. Credits may be used until the program end date of March 31, 2012. Canfor Pulp has previously received program approval to proceed with two other qualifying projects totaling $15.6 million.