The new Pulp and Paper Green Transformation Program will lay the groundwork for a greener, more sustainable future for Canada’s pulp and paper sector by supporting innovation and environmentally friendly investments in areas such as energy efficiency and renewable energy production. It will allow pulp and paper mills in Canada to further reduce their greenhouse gas emissions while helping to position them as leaders in the production of renewable energy from forest biomass.
The Pulp and Paper Green Transformation Program calculates a maximum funding envelope for a company based on a $0.16 per litre credit for black liquor produced by their mills between January 1, 2009 and December 31, 2009. Firms will then have until March 31, 2012 to draw on this funding to finance approved capital projects that offer demonstrable environmental benefits, such as improvements to their energy efficiency or their capacity to produce alternative energy. The program is capped at $1 billion, and total payments to Canadian industry will not exceed this amount.
By making a smart investment today, we are laying the groundwork for a greener, more secure future for the pulp and paper sector and the people who work in the industry.
June 17, 2009 - Announcement of Pulp and Paper Green Transformation Program
Late August - Applicants Guide with detailed information on credit application process, project criteria and application process, and environmental assessments.
September 18, 2009: Official deadline for firms to register with the Program. Firms will report on each of their facilities’ black liquor combustion in order to obtain credits.
Late September: Verification of black liquor combustion reports and calculation of credits
Early October - Credits awarded to companies
Fall 2009 - Firms submit project proposals. Funding agreements negotiated.
March 31, 2012 - Program end date.