Business News

Fraser Papers Announces Credits Allocated Under Federal Green Transformation Program

Friday 16. October 2009 - Fraser Papers Inc. ("Fraser Papers" or the "Company") announced today that it has been allocated CAD$33.1 million in credits under the Government of Canada's $1 billion Pulp and Paper Green Transformation Program. The credits have been granted based on the Company's black liquor production at its pulp mills in Edmundston, New Brunswick and Thurso, Quebec during 2009.

The Pulp and Paper Green Transformation Program is designed to improve the environmental performance and energy efficiency of the Canadian pulp and paper industry. The Company will receive the funds as a reimbursement of amounts invested in qualifying capital projects before March 31, 2012. Credits earned at one pulp facility may be used to support eligible projects at another facility owned by the same Company.
Fraser Papers is developing plans for a number of qualifying projects and expects to submit them for approval in the coming weeks.