Press Release – For Immediate Release
The black liquor tax credit in the US has limited the fall of wood chip and pulpwood
prices in the 2Q/09, reports the North American Wood Fiber Review.
In 2008, US pulp companies started to take advantage of a loophole...
More
Press Release – For Immediate Release
The black liquor tax credit in the US has limited the fall of wood chip and pulpwood
prices in the 2Q/09, reports the North American Wood Fiber Review.
In 2008, US pulp companies started to take advantage of a loophole in the US tax law,
which will result in an influx of billions of dollars to a struggling industry.
As a
consequence, prices for wood chips and pulpwood in the US have not fallen as much as
they would have without the subsidy, reports the North American Wood Fiber Review.
Seattle, USA.
July 2009.
A substantial tax credit for black liquor, a by-product when
producing wood pulp, has been a timely injection to the US pulp and paper industry and
has changed how many pulpmills have been running their plants the past six months.
The tax credit was originally introduced in 2005 to encourage the use of alternative fuel
over fossil fuel for cars and trucks.
However, since late 2008, chemical pulp producing
mills started to take advantag
Less