What type of capital expenditures can be funded? Are these expenditures limited to pulp and paper mills?
Funded capital expenditures will result in environmental benefits, including improved energy efficiency and increased production of renewable energy from forest biomass. Examples of expenditures that may qualify under this program include new or upgraded cogeneration machinery for heat and power generation, more energy-efficient recovery boilers, more energy-efficient machinery in pulp and paper mills, and machinery to produce liquid ethanol from forest biomass. Firms that are eligible under this program will be able to invest in any of their pulp and paper mills across Canada. This includes mechanical pulp mills that produce newsprint or paper mills without any pulp production. This allows for a broader distribution of benefits to pulp and paper firms across the country.
