"It's disappointing that this transaction with Pacifica could not be completed even with the extended timeline. This is a fully serviced property in an excellent location and we remain confident that the right fit between site and buyer will be found that will bring new jobs and opportunities to Campbell River," said Kevin J. Clarke, Catalyst president and CEO. "In the meantime, site personnel are maintaining safety, security, and environmental requirements and complying with all applicable legislation."
The former pulp and paper site was indefinitely curtailed in 2009 and closed permanently in 2010. It has since been decommissioned with removal of chemicals, process wastes, and key papermaking equipment. The landfills remain intact as does the wastewater system that continues to operate in preparation for the site's redevelopment to other industrial uses. The Elk Falls mill began operations in 1952, and at its peak, produced 784,000 metric tpy of pulp, paper, and kraft paper.
Catalyst Paper produces specialty mechanical printing papers, newsprint, and pulp. With three mills located in British Columbia, Catalyst has a combined annual production capacity of 1.5 million metric tons.
TAPPI
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