PhoenixSerenity#PaperExcellence #Canada announced that it's reached a #settlement with the #NovaScotia government, that acknowledges plans to transform & reopen #NorthernPulp Nova Scotia in #Pictou won't proceed & provides for a review process agreed between Northern Pulp & Province of Nova Scotia that is aimed to determine whether a new, modern mill in #NovaScotia is viable.
https://www.lesprom.com/en/news/Paper_Excellence_Canada_and_Nova_Scotia_reach_settlement_Pictou_mill_will_not_reopen_113365/
Related:
Paper Excellence settlement: The deal with the devil has been refinanced.
https://www.halifaxexaminer.ca/morning-file/paper-excellence-settlement-the-deal-with-the-devil-has-been-refinanced/
Paper Excellence Canada and Nova Scotia reach settlement, Pictou mill will not reopen
Paper Excellence Canada will work in close consultation with the Province of Nova Scotia (Canada) in undertaking a feasibility study to determine whether a viable business case exists to open a new mill there.