The Ontario Ministry of the Environment has approved the sale of the Marathon Pulp mill to the Green Investment Group of the U.S.A.
Green Investment Group worked out a deal with previous mill operator, Tembec, to purchase the mill.
Green Investment Group, established in 2005, preforms environmental cleanups on vacated, heavily contaminated industrial sites. Then they attract small biofuel and bioenergy companies to establish businesses on the sites.
First, Green Investment Group must comply with a Director’s Order from the Ministry of the Environment to clean up the site, including:
- closing the landfill on site
- closing the bark pile
- decommissioning the industrial sewer works
- secure the site
- follow existing groundwater monitoring plans
- remove all waste wood chips
- demolish all builds and structures on the site not being used for commercial purposes
- removal of all hazardous material
- provide a $6.8 million assurance fund to the Ministry of the Environment to cover the costs of the above
The public has 30 days to review and comment on the plan on the province’s Environmental Registry website.
The Ministry of the Environment’s Director’s Orders will ensure that the new owner and related parties, who have all agreed to its terms, are legally obligated under the Environmental Protection Act to complete the required actions.
MOE approves sale of Marathon Pulp to U.S. investment group (TBNewsWatch)
Brownfield developer poised to land Marathon Pulp (Northern Ontario Business)