Black Liquor Dollars to Be Delivered
By 250 News
Friday, October 09, 2009 03:57 AM
Prince George, B.C.- Details of Ottawa’s counter punch to the black liquor bonus that has been paid to the U.S. pulp mills, will be revealed later this morning.
The federal government had announced in June it was setting aside $1 billion dollars for a green energy fund, and at 9:30 this morning, the green energy fund pie will be divvied up.
The plan lets pulp companies apply for a 16 cent per litre credit for black liquor litre burned to create energy.
U.S. pulp producers have been celebrating a cash windfall for using “alternate fuels”. The American mills have been making money hand over fist by adding diesel fuel to their black liquor before burning it. In many cases, the U.S. mills were making more money through that program than they had been in pulp production.
Previous Story - Next Story
Return to Home