Mercer Secures C$20 Million in Canadian Government Funding for Peace River Mill

Mercer International announced its subsidiary, Mercer Peace River Pulp Ltd., will receive C$20 million (approximately US$14 million) in financial support from the Government of Canada. The funding is intended to support the modernization and improved productivity of the company's Peace River mill in northern Alberta.

Key Details

• Funding Structure: The support consists of a C$1 million non-repayable contribution and a C$19 million repayable contribution.
• Repayment & Purpose: Repayment on the C$19 million portion is scheduled to commence in 2031. The funds will support improvements for bio-energy production and carbon capture and storage.
• Source: The commitment was made through Prairies Economic Development Canada under its Regional Tariff Response Initiative.