Friday, May 21, 2010

Investment made in Lake Utopia energy efficiency

The provincial government is providing a $10.8-million repayable loan and a $500,000 grant to help J.D. Irving Ltd. improve the environmental performance of its Lake Utopia paper mill. The project will cost $32.9 million.

The boiler will provide enough steam to fulfil the energy needs of the mill and lowering its greenhouse gas emissions by more than 66,000 tonnes per year.  The federal government is contributing $22 million.