Nordic Investment Bank (NIB) has signed a $100 million 7-year-maturity loan agreement with Brazil’s Banco Nacional de Desenvolvimento Econômico e Social (BNDES) for on-lending to finance Klabin S.A.’s greenfield pulp mill project, as NIB said in the press release received by Lesprom Network.
The loan is for financing the construction of a greenfield pulp production facility in the municipality of Ortigueira in the state of Paraná, Brazil. The so-called “Puma project” will be implemented by the country’s largest paper producer and exporter, Klabin S.A.
With an annual production output of 1.1 million tonnes of bleached eucalyptus-based hardwood pulp, destined for both export and domestic sale, and 400,000 tonnes of bleached pine-based softwood pulp, in part to be used for the production of Brazil’s first domestic fluff pulp, the completed “Puma” mill will almost double Klabin’s production capacity.
The new factory will utilise state-of-the-art technologies and equipment supplied by manufacturers in the Nordic pulp and paper cluster.
“Participating in large projects such as “Puma” and advancing into growth markets is an efficient way for industry leaders in NIB’s member countries to uphold a high level of their know-how and to strengthen their competitiveness,” says Henrik Normann, NIB President & CEO.
The construction of a wastewater treatment plant and the employment of chemical recovery processes to reclaim cooking chemicals spent in the pulping process are included in the project plan.
Klabin S.A. is Brazil’s largest integrated manufacturer of packaging paper and paperboard.