The agreement enables shared decision-making for Forest Landscape and Operations Plans within Tree Farm Licence 37 overlapping ‘Na̲mg̲is territory near Woss and Port McNeill.
Funding for CHAR Technologies supports 180,000 tonnes of annual biomass use, creates four new jobs, and advances Ontario’s broader forest bioeconomy initiatives.
Planned transaction covers UPM Communication Papers and Sappi’s European graphic paper businesses with combined enterprise value of Euro 1,420 million.
The new facility in Indralaya will feature a complete CEBRO particleboard and Super PB line, including MAIER flaking and milling systems, with commissioning planned for late 2026.
Funding includes $700 million for housing-linked lumber demand, $500 million in new loans for large softwood producers, and over $100 million in worker training, expanding on prior $1.2 billion forest sector support.
Large operators will apply new obligations from 30 December 2026, while micro and small firms will follow from 30 June 2027 under simplified due diligence rules.
The company will rebuild an 11.3-meter-wide paper machine and install two new winders to produce recycled fluting and liner grades by early 2027.
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