Chinese Investors Plan to Build Pulp and Paper Mill in Tomsk Region of Russia

Tomsk Region Governor Sergei Zhvachkin today in the presence of Russian President Vladimir Putin and Chinese President Xi Jinping will sign in Moscow a memorandum on the construction of an indusrtial forest products complex that will include a pulp and paper mill (PPM), sawmill, and CHP (combined heat and power) plant in the Tomsk Region (Siberia) of Russia.

Chinese investors Xinjiang Zhongtai Group, Xinjiang Fulida Fibre, and RosKitInvest will invest about 50 billion rubles (approx. USD 983.3 million) in “Beloyarsky LPK”, according to Russian news agency RIA Tomsk.

It has been reported that the pulp mill will have the capacity to produce 500,000 tons per year of unbleached pulp from both softwood and hardwood.

Mr. Zhvachkin said, “We primarily assessed the possible impact of pulp and paper production on the environment, studied the experience of building such facilities in Oslo and other European cities. Modern technological level PPM allows the processing of raw materials and disposal of waste, nullifying the impact on the environment.”

RIA Tomsk said the project will be implemented during 2015 – 2020.

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