Developer Details $315M New York Paper Mill Project

CorrVentures, developers of a private paper mill in Rensselaer County, N.Y., has released new figures behind its Hudson Valley Paperboard project.  

The project involves demolition, environmental remediation and construction to bring a 100 percent recycled paper mill to a 102-acre site near Albany, N.Y. The project will carry a total cost of $315 million and will consume some 330,000 tons per year of mixed fiber. This weight will be used to produce 300,000 tons of recycled lightweight containerboard.

A first quarter 2020 financial closing is expected, with commencement of commercial operations in Q1 2022.

Resource Recycling has more information:

Developers of a recycled paper mill in New York have released new feedstock and financial figures for the project.

The mill, which was first announced in the spring, is being developed by CorrVentures, a private firm made up of paper industry veterans. The project is now being referred to as Hudson Valley Paperboard, according to a recently published website detailing the new mill.

The CorrVentures project involves demolition, environmental remediation and construction to bring a 100% recycled paper mill to a 102-acre site near Albany, N.Y.

Read the full article here.