Paper Excellence acquires an interest in the Atli Chip Limited Partnership. The Partnership has acquired the assets of the North Island Chipping facility situated in Beaver Cove, British Columbia, Canada, located on the traditional territory of the ‘Namgis First Nation.
The facility is capable of processing 300,000 to 400,000 m3 of chips per year for use in the pulp and paper industry from local supplies of pulpwood and salvage wood.
Atli Chip Limited Partnership is majority owned by Atli Resources LP with minority stakes owned by Paper Excellence and Wahkash Contracting Ltd. Atli Resources LP is a forest company beneficially owned by the ‘Namgis First Nation and Wahkash Contracting Ltd. is a stump-to-dump logging contractor specializing in remote logging in coastal BC.
In conjunction with the acquisition, Paper Excellence is entering into a chipping services agreement to receive all the chip and hog production from the facility and a Salvage Agreement with Atli Resources LP to increase First Nations participation in the forest sector.
A key goal of the new business is increasing the utilization of local waste and salvage wood in the operations.
“Atli Chip Limited Partnership will serve a key role in reducing the amount of residual fibre left behind after primary forest harvesting,” said Quinton Hayward, Chief Forester for Paper Excellence. “Processing fibre that currently is left on the forest floor will result in less slash burning of post-harvest waste ensuring better utilization of the forest resources and carbon reduction.”
Paper Excellence, headquartered in British Columbia, is a diversified manufacturer of pulp and specialty, printing, writing, and packaging papers.
