News within the industry of pulp and paper, Jun, 17 2019
Latest News

CorrVentures to build containerboard mill in New York

Published by
Simon Matthis - 27 May 2019

According to NIP Impressions, CorrVentures LLC, a private development firm specializing in strategic project development in the pulp and paper and corrugated packaging markets, will build and operate a 300,000 ton-per-year 100 percent recycled lightweight containerboard mill located on a 102 acre site about 9 miles south of Albany, New York.

CorrVentures said it it is anticipated that a minimum of 200 new construction jobs will be created directly as a result of this effort, with substantial additional jobs being created through the multiplier effect to the surrounding Rensselaer County, New York, community.

The so called Hudson Valley Paperboard Project currently anticipates a Q4 2019 financial closing and commencement of commercial operations in Q4 2021.

The project is subject to approval of state and local incentives, which have been offered to projects of a similar nature in New York, including sizable New York State Brownfield Program refundable tax credits.