Rayonier Advanced Materials, Borregaard sign agreement to establish new lignin operation in Florida

Saturday, Dec 19, 2015

The definitive agreement regarding the establishment of a new lignin operation at the Fernandina Beach site in Florida has now been completed and signed by both parties, Rayonier Advanced Materials and Borregaard, as the company said in the press release received by Lesprom Network.

A final decision by the boards of both companies on whether to proceed with the project is anticipated in mid-2016, after completion of final engineering, securing of local and state incentives, refinement of the capital cost structure, and applicable permit approvals by applicable state and local agencies. The new company, LignoTech Florida LLC, is expected to commence operations in the 1Q 2018, after completion of the first investment phase.

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