REPORTING · 8th April 2010
The Eurocan Feasibility Study has been made public and the good news is, the mill can be made viable.
“The report was really, really positive. It says that with the least amount of capital how that mill can be successful, long term. Because the report was so successful, many, many investors are coming forward, contacting me, contacting the National so it’s going to be easy to find investors,” said Mary Murphy, President of the Communications, Energy and Paper Workers Union.
Options for Eurocan’s future depend on who purchases the mill. Murphy stated people are bringing different things to the table. Other than pulp and paper, converting garbage to green energy is one of the ideas, another is to make low density board and the Sand Hill Project has also expressed interest in Eurocan.
The employee buy in is a part of getting the mill running again. From the investor's standpoint, this shows commitment and they are encouraging it. Murphy stated some of these employers do not want large amounts of money from the workers, but they do wish to see buy in. Others are willing to have the workers work off the buy in like in Harmak mill.
Some workers have left for other jobs in the meantime, but there are still people in Kitimat who do not have jobs and would be able to find jobs in the new mill. Murpy also expressed the government has incentives for training workers.
According to Murphy, to make the mill viable again, they have to increase the amount of pulp logs coming out of the bush. However, this would also increase the export of logs in the short run. The logs are due to be exported from the Eurocan Docks.
Murphy added, as she was told by Minister of Forests, Pat Bell, the public has to be aware of, and agree to this Catch 22, as they are opposed to the export of Canadian logs. There is another option for this catch though.
“It would be more feasible to have the sawmill in Terrace running so that you wouldn’t have to do that. So you could still cut but give employment to Terrace to make lumber,” said Murphy.
“We have to make sure that we have enough capital so that we could put a saw mill in somewhere.” […] “I’m still working with investors to make sure something is done with the Terrace Sawmill. We want to see that sawmill up cause that’s what's going to provide the low cost fiber for Eurocan.”
She expressed the sawmill is not dead, it just needs work and some capital. She said several investors have looked at the mill.