Chase Global Power & Environmental Group Arranges Financing For Europe's First De-Inking/Recycling Pulp Processing Plant Producing Letter Quality Pulp.NEW YORK--(BUSINESS WIRE)--July 31, 1996--A consortium headed by Chase Investment Bank's Global Power & Environmental Group financed the first complete waste-to-letter grade pulp de-inking and recycling pulp processing plant serving customers throughout Europe. The US$130 million loan arranged by Chase will be used to construct the recycling plant at Chateau Thierry, approximately 80 miles northeast of Paris. The project, known as La Compagnie Greenfield S.A., a 151,000 metric ton per year facility, is expected to begin operation by the second quarter of 1997. Chase is the project and loan structuring adviser for Greenfield and arranged the financing group that includes lead arrangers Chase, Bayerische Landesbank of Germany, Den norske Bank Den norske Bank or DnB was a Norwegian bank that existed between 1990 and 2003 when it merged with Gjensidige NOR to form the present DnB NOR. The bank's headquarters were in Bergen, Norway. of Norway and Royal Bank of Scotland
The Royal Bank of Scotland Plc (Scottish Gaelic: Banca Rìoghail na h-Alba . Also participating were the Export Development Corporation of Canada as lead manager and Korea First Bank as manager. The Greenfield project For other uses, see Greenfield (disambiguation). In software engineering jargon, a greenfield is a project which lacks any constraints imposed by prior work. The image is that of construction on greenfield land, where there is no need to remodel or demolish an existing represents an important step in advancing high-grade writing paper recycling in Europe. Traditional European waste-to-pulp facilities produce lower brightness pulp, typically used in tissue or newspapers. "Chase is proud to play a central role in this precedent-setting project," said John C.S. Anderson, a vice president with Chase Investment Bank's Global Power & Environmental Group. "Greenfield's cutting edge application of waste and environmental technology has prompted high levels of support from both industrial financial markets and government sectors." Greenfield Paper Company Limited, the project's sponsor, was formed by veteran North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. pulp and paper industry The global pulp and paper industry is dominated by North American (United States, Canada), northern European (Finland, Sweden) and East Asian countries (such as Japan). Australasia and Latin America also have significant pulp and paper industries. executives, and will be headed by Sir John G. Davis John Givan Davis (October 10, 1810 - January 18, 1866) was a U.S. Representative from Indiana. Born near Flemingsburg, Kentucky, Davis moved to Indiana with his parents, who settled in Rockville, Parke County, in 1819. He attended the country schools. , chairman, formerly of Abitibi-Price, and R. Joseph Kneeland, president, who held senior positions at International Paper, Irving Pulp, Boise Canada and Kruger. Kvaerner Hymac, a.s, the mechanical pulping and recycled pulp subsidiary of Norway's Kvaerner a.s, is the supplier of the project's process equipment and leader of the construction group, which also includes the German company Philipp Holzmann AG and Cegelec AEG AEG Aeger (Latin: Sick) AEG Allgemeine Elektrizitäts-Gesellschaft (Common Electricity Company) AEG Aircraft Evaluation Group AEG Association of Engineering Geologists AEG Air Expeditionary Group Anlagen und Antriebssysteme GmbH (AEG/CEGELEC). Chase's Anderson said that the Greenfield Paper Company has contracts with major waste paper suppliers in France, Belgium, the Netherlands and the United Kingdom. Greenfield also has long- term contracts with ten pulp purchasers in Europe and North America. Chase Global Power & Environmental Group provides financial advisory, project finance, mergers and acquisitions, and traditional lending services in the power and environmental industries worldwide. With a dedicated team of 60 professionals throughout its offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Chicago, Toronto, London, Hong Kong and Singapore, the Chase Global Power and Environmental Group provides a full range of financial services to utilities and independent developers worldwide. CONTACT: Virginia Steinberg Sims & Associates, Inc. 212-725-3838 -OR- John Anderson Chase Manhattan Bank The Chase Manhattan Bank, now part of JPMorgan Chase, was formed by the merger of the Chase National Bank and the Bank of the Manhattan Company in 1955. The bank is headquartered in New York City. 011-44-171-962-3493 |
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