UPM's and Yara's joint nutrient recycling project has been completed. The Finnish Ministry of the Environment granted funding to this project under the Raki 2 nutrient recycling programme to investigate the possibility of developing a functional and cost-efficient recycled fertiliser for industrial-scale production. During the project, the companies developed an organomineral fertiliser with moderately good yield results. As the production process turned out to be both technically and financially challenging, no profitable business could be generated from the project. The research and development was carried out at the UPM Research Centre in Lappeenranta, Finland and at Yara's Research Station in Vihti, Finland and Reseach Center in Hanninghof, Germany. During the project, the sludge generated from pulp and paper manufacturing processes was dried and complemented with mineral nutrients that are easier for the plants to utilise. Finally, the product was pelletised to facilitate transport, storage and spreading. Click read more below for additional detail.
International Paper (NYSE: IP) today declared a quarterly dividend of $0.475 per share for the period from July 1, 2018, to September 30, 2018, inclusive, on its common stock, par value $1.00. This dividend is payable on September 17, 2018, to holders of record at the close of business on August 15, 2018. Today the company also declared a regular quarterly dividend of $1.00 per share for the period from July 1, 2018, to September 30, 2018, inclusive, on the cumulative $4.00 preferred stock of the company. This dividend is also payable on September 17, 2018, to holders of record at the close of business on August 15, 2018.