Former pulp mill to re-emerge as green industry
A pulp mill that shut down in west Quebec more than one year ago will re-emerge as a major green industry after it was bought up by a U.S. company in a $1.8-million deal.
The Smurfit-Stone Mill in Portage du Fort, Que., located across the Ottawa River from Renfrew, closed in the fall of 2008, putting more than 200 employees out of work.
The mill was recently purchased by Illinois-based Green Investment Group, which develops advanced recycling and energy technology.
The transition to green energy is expected to take place over the next two years.
Smurfit-Stone blamed the mill's closure on the falling price of pulp and a strong Canadian dollar.