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Nova Scotia·New
The Nova Scotia authorities has granted a five-week hold to Northern Pulp arsenic the institution works connected plans to physique a caller insubstantial mill connected the province's southwestern enactment 4 years aft it was granted extortion from creditors.
Company says it has not yet reached 'financial threshhold' to enactment project
The Canadian Press
· Posted: Mar 11, 2025 11:36 AM EDT | Last Updated: 4 minutes ago
The Nova Scotia authorities has granted a five-week hold to Northern Pulp arsenic the institution works connected plans to physique a caller insubstantial mill connected the province's southwestern enactment 4 years aft it was granted extortion from creditors.
The authorities announced the hold precocious Monday, saying the institution "has not reached the fiscal threshold" to enactment the projected task successful Liverpool.
Northern Pulp has been nether creditor extortion since June 2020 aft it closed its kraft insubstantial mill successful Nova Scotia's Abercrombie Point.
The shutdown was ordered aft Northern Pulp failed to conscionable the province's biology requirements for a caller effluent attraction plant.
A settlement statement was reached past May betwixt the authorities and Northern Pulp's owner, Paper Excellence successful British Columbia, ending years of ineligible wrangling.
The institution has been moving connected a feasibility survey for a caller mill astatine oregon adjacent the tract of the erstwhile Bowater Mersey Paper Company successful Liverpool, but it present says it needs much clip to get the occupation done.
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