Canfor Pulp Income Fund announces allocation of credits from the Green Transformation Program

Oct 12, 2009. /Lesprom Network/. Canfor Pulp Income Fund announced that Canfor Pulp Limited Partnership (the Partnership) in which the Fund has a 49.8% ownership has been allocated credits of С$122.2 million from the billion dollar Pulp and Paper Green Transformation Program (the Program) announced by the Canadian government on June 17, 2009. The program is designed as a reimbursement of funds to be spent on qualifying energy and environmental capital projects. Credits may be used until the Program end date of March 31, 2012. The objective of the Program is to improve the environmental performance and energy efficiency of Canada's pulp and paper industry by financing capital projects with environmental benefits. Eligible capital projects under the Program must demonstrate an improvement in performance relating to: energy efficiency, increase production of renewable energy, or other environmental benefit. The Program will enable the advancement of projects at all of the Partnership's facilities that will yield a variety of environmental benefits. The planned improvements include reductions in odour and particulate emissions; reduced fossil fuel and water consumption; and incremental renewable electricity generation.