Empresas Copec S A : ARAUCO signs US$3 billion investment Agreement with the Government of Mato Grosso do Sul, for the construction of a future pulp mill
June 23, 2022 at 03:45 am EDT
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The agreement was signed as part of the challenge of seeking new opportunities that will contribute to the development of the subsidiary and is an important preparatory step that will allow to continue the evaluation of building a new pulp mill in Brazil.
This initiative, called the "Sucuriú Project", is subject to several variables that are under study, including market conditions, the environmental impact permit, evaluation of timber supply and the approval by the Board of Directors. If conditions permit, construction of this new mill may begin in 2025. The facility would have a production capacity of 2.5 million tons of short fiber and would be located 50 km from the town of Inocência, an area that offers a number of logistical benefits.
Brazil is an important center for the Company's global strategy. ARAUCO has been operating in Brazil since 2002, since when it has made significant progress through its industrial facilities and forestry assets.
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EC - Empresas Copec SA published this content on 22 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 June 2022 07:44:06 UTC.
Empresas COPEC SA is a Chile-based holding company engaged, through its subsidiaries, in the energy and natural resources sectors. The Companyâs operations are structured into four business sectors: the Forestry Business. Fuels Business, Fishing Business and Other Investments. The Company operates in the forestry business through its affiliate Arauco, which produces wood pulp, panel and sawn lumber. The Companyâs fuel business is focused on the liquefied fuels, lubricants, and liquefied petroleum gas and natural gas markets. The Company operates in the fishing business through its affiliate Pesquera Iquique - Guanaye, which produces fishmeal, fish oil, canned and frozen seafood for human consumption. The Company has productive platforms in Argentina, Brazil, Canada, Colombia, the United States and Uruguay. On April 11, 2014, the Company with Inversiones Ultraterra Ltd sold their total stake in Empresa Electrica Guacolda to AES Gener.
Empresas Copec S A : ARAUCO signs US$3 billion investment Agreement with the Government of Mato Grosso do Sul, for the construction of a future pulp mill
EMPRESAS COPEC S.A. 
