Lenzing plans investment in dissolving wood pulp plant
25/06/2018
The partners will now consider the construction of a 450,000 tonne DWP plant, which would be the largest in the world. They have secured a plantation of 43,000 hectares that will provide the biomass and will now begin work to secure the required permits and merger clearances.
Lenzing will own 51% of the joint venture, with Duratex taking the remaining shares. It expects construction of the DWP plant to require investment of more than $1 billion.
The entire volume of dissolving wood pulp created at the plant would go towards Lenzing’s production of bio-based fibres.
The company expects to take a final investment decision in 2019, which it says will be subject to the outcome of “basic engineering”.
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