Valmet and CMPC sign letter of intent for the modernization of Guaíba pulp mill in Brazil
Valmet Oyj’s press release on September 20, 2021 at 11:00 a.m. EETValmet and CMPC have signed a letter of intent (LOI) for Valmet to deliver key technology for the BioCMPC project. The target of the project is to increase the production capacity of the Guaíba pulp mill’s line 2 from 1.5 million ADt/y (air dry tonnes per year) to 1.85 million ADt/y. The modernization is expected to start operation in the fourth quarter of 2023. Valmet and CMPC target to finalize the contract during October 2021. This expansion project, BioCMPC, targets both to increase the production capacity of the