Jerry Seinfeld has an old joke that goes like this. He is out driving in a rural area. He passes a log truck. Then he meets a log truck coming towards him. He asks, "If the people over here need logs and the people over there have logs, couldn't they just call each other up and avoid driving these logs all over the place?" It got a big laugh. Of course, real life is not this simple.
The goal of the multi-year cooperation is to increase the effectiveness of emission reductions and to find completely new ways to reduce greenhouse gas emissions.
UPM's Board of Directors has approved the commencement of new plans for the period 2024-2026 within the company's two long-term share incentive arrangements: the Performance Share Plan and the Deferred Bonus Plan.
Enviva, the leading exporter of wood pellets in the United States, is on the brink of filing for Chapter 11 bankruptcy following a significant misjudgment in future commodity prices, which led to substantial financial losses. Maryland-based company might proceed with the bankruptcy filing by the end of this week, pending the expiration of a 30-day grace period due to a missed $24 million interest payment to bondholders, according to reports.
Members at more than four dozen WestRock locations across 24 states voted in December to ratify a new four-year master agreement covering more than 5,500 USW members.
Metsä Group's tissue and greaseproof paper business is investing in three new state-of-the-art converting lines for folded and rolled tissue paper to its mill in Mariestad, Sweden. The investment will enable large scale high quality hand towel production in Scandinavia. In addition it entails efficiency and energy savings as well as improved working environment and safety.
Valmet, a provider of technologies, automation, and services for the pulp, paper, and energy sectors, has commenced negotiations on February 15, 2024, aimed at restructuring its Services and Paper divisions within the EMEA (Europe, Middle East, Africa) territory.
