Forest products

Paper and packaging group Mondi will sell 25,1% of its interest in Israeli-based Mondi Hadera Paper to its joint-venture partner Hadera Paper Ltd for €10,4-million.

Hadera Paper would then hold a 75% interest in the Israeli company, which owned a 145 000-t/y paper mill, which produced office and printing paper for the local market.

Mondi would retain a 25% interest.

The purchase consideration would be satisfied in cash and would be used to reduce Mondi’s net debt.

The five winners and their colleague/partner will be a guest of one of five leading European paper companies. The winners will be taken through the forestry and paper making processes and will witness sustainability in action whilst sampling the delights and cuisine of the local area.

Leading paper producers Sappi, Portucel Soporcel, Stora Enso, UPM Kymmene and Mondi will be hosting the two to three day trips.

LAVAL, QC, Sept.

Pulp mills may be getting back on the black liquor gravy train.

Paper and pulp makers, including a number of mills in southwest Alabama, collected $8 billion or more last year in federal cash and tax credits by doing what they've done for decades -- burning the carbon-rich leftovers from the pulp-making process to fuel their mills.

The liquid, known as black liquor, was declared eligible for alternative fuel tax credits if mill operators mixed in a little diesel fuel.

November 3, 2009 was informed that the State Forestry Administration, the State Development and Reform Commission, Ministry of Finance, Ministry of Commerce, State Administration of Taxation have jointly issued the five departments of the “Forestry Industry Development Plan (2010-2012)”, as a gui