Pulp & Paper News

Venezuela postpones Pulpaca pulp and paper mill startup to second half 2014



SAO PAULO , Jan. 18, 2013 (RISI) - 

The Venezuelan government has postponed the deadline to begin operations of its pulp and paper mill Empresa Básica Socialista de Pulpa y Papel (EBS-Pulpaca) from mid-2013 to the second half of 2014. This is the fourth startup date announced for this project, RISI learned.

The last unsolved issue for Pulpaca was the $850 million loan necessary to finalize the facility's construction, which was obtained last year, according to the project manager Antonio Aguilera. "Due to that, we were able to pay overall debts with the consortium, which manufactured the main equipment, advanced civil works as well as hired other suppliers," Aguilera said. According to him, 22% of Pulpaca's construction is now ready.

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