LignoTech-backed $110M venture to stabilize global supply of key water reducer ingredient

26 Rayonier 150

Rayonier Advanced Materials, Jacksonville, Fla., and Borregaard ASA, Sarpsborg, Norway, have effected a letter of intent to develop a 150,000-metric-ton capacity production line for lignin, a cellulose-derived raw material where global supply and demand imbalance invites price spikes of products including concrete admixtures. Their 45/55 joint venture will be based at the Fernandina Beach, Fla., cellulose fiber processing plant of minority partner Rayonier.

 
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$110M lignin line stands to stabilize supply of key water reducer ingredient

Sources: Rayonier Advanced Materials, Jacksonville, Fla.; Borregaard ASA, Sarpsborg, Norway; CP staff

Rayonier and Borregaard have effected a letter of intent to develop a 150,000 metric ton capacity production line for lignin, a cellulose-derived raw material where global supply and demand imbalance invites price spikes of products including concrete admixtures. The 45/55 joint venture will be based at the Fernandina Beach, Fla., cellulose fiber processing plant of minority partner Rayonier.

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