Stora Enso, Arauco Get Environmental OK for New Pulp Mill in Uruguay
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Stora Enso,Helsinki, Finland, and Arauco, a unit of Chilean peer Copec, reportedly have received environmental clearance for their proposed Montes del Plata joint venture pulp mill in Uruguay. A Reuters news report this week noted that the companies have not yet decided whether to go ahead with the 1.3 million metric tpy mill and have not released any related cost figures. However some estimates place the total costs at around $1.5 billion.
As Reuters pointed out, Stora Enso is also exploring construction of new pulp mills in Brazil and China.
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