Paracel

Category A projects under consideration: Pulp Mill Project Paraguay

In compliance with OECD agreements, Finnvera releases details about Category A projects, such as project name, location, project description, and information on where to access additional materials (e.g., ESIA report or summary), no later than 30 calendar days before a final commitment to grant official support. 

Finnvera also conducts Environmental and Social due diligence of the project and welcomes any additional information and comments.

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Name of project: Pulp Mill Project Paraguay
Description of project: An integrated greenfield sustainable pulp mill (the “Pulp Mill”) located in the region of Concepción, Paraguay with an annual production capacity of at least 1.8 million metric tons (“MT”) of bleached eucalyptus kraft (BEK) pulp (the “Product”), a long-term renewable eucalyptus plantation of over 185,000 hectares of owned forestland (the “Plantation”) and infrastructure providing necessary support to the Pulp Mill and Plantation, including worker camps, a recovery boiler generating 220 MW of electric power, an on-site water treatment plant, a [35] km electric power transmission line, a chemical handling, preparation and storage area to meet the requirements of chemical supply to the Pulp Mill, an offloading port in Paraguay and a sea port in Uruguay (the “Ancillary Infrastructure” and, together with the Pulp Mill and the Plantation the “Project”).

Location and country of project: Concepción, Paraguay
Environmental and social classification: A
Information published: 2 December 2022
Source of environmental and/or social impact information: https://paracel.com.py/en/environmental-impact-assessment/