CMPC starts process for new pulp mill project in Brazil

CMPC has signed a deal with Brazil’s southernmost state of Rio Grande do Sul to evaluate building a new pulp plant, which would require $4 billion in investments.

The new project would have the capacity to produce up to 2.5 million metric tons of bleached hardwood kraft pulp per year. The new plant would undergo technical and environmental studies before being presented to the CMPC board.

Beyond the investment required for the plant itself, the project would also need $420 million for road infrastructure and $150 million to expand a port terminal and build another in the city of Rio Grande.

(Reporting by Andre Romani; Editing by Kylie Madry and Brendan O’Boyle).