Brazilian wood pulp processor Eldorado Brasil Celulose SA may resume the search for a strategic partner once parent company J&F Investimentos SA completes the negotiation of a leniency deal in a massive corruption investigation, Valor Econômico said on Monday.
Grupo Gondi, 25 percent owned by WestRock, will invest approximately $300 million dollars in this project, which is estimated to be completed by the end of 2019.
UPM Biofuels has received a new acknowledgement of the sustainability of its value chain by receiving an RSB (The Roundtable on Sustainable Biomaterials) certificate for both UPM BioVerno renewable diesel and naphtha, as well as production sidestreams turpentine and pitch. RSB verifies the sustainability and reliability of feedstock sourcing and production.
