Green Investment Group Inc. of Illinois, USA is interested in taking over the former Marathon Pulp mill in Marathon, Ontario.
The responsibility over the cleanup of the site was debated in court for 2 years. Tembec, as co-owner of the mill, was found responsible for all known and unknown environmental issues, including the remediation.
Another former owner, Ball Packaging, was responsible for paying for a sand cap that was placed on contaminated sediment in the harbour.
To sell the property to Green Investment Group Inc., the Ontario Ministry of the Environment will have to approve the sale, and allow the environmental responsibility to be passed from Tembec to the new owner.
Northern Ontario Business is reporting that terms have now been agreed upon between Green Investment Group, the Ministry of the Environment, and the mill’s owner Tembec that will allow a sale agreement to be drafted. Green Investment Group plans to redevelop the site into a green energy industrial park.
Protocol Biomass, of Toronto, has been identified by Northern Ontario Business as one company that may be a future tenant. Protocol Biomass has been looking for a site in the area to make torrified wood pellets for export to Europe. European electrical generating stations use the blackened wood pellets to produce energy.
Green Investment Group has previously purchased former Smurfit-Stone paper mills across North America. To see Green Investment Group’s progress on these sites in Canada, visit their pages dedicated to each project:
- Brunswick North Industrial Park, Bathurst, New Brunswick
- Pontiac Industrial Regional Park – Portage-du-Fort, Quebec
- New Richmond, Quebec
Brownfield developer poised to land Marathon Pulp (Northern Ontario Business)