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-----BEGIN PRIVACY-ENHANCED MESSAGE-----Proc-Type: 2001,MIC-CLEAROriginator-Name: webmaster@www.sec.govOriginator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQABMIC-Info: RSA-MD5,RSA, RdiA7EU+LWcI5UKoAE4h3SJ9cqCiIfWEalvwoY0IGbTiMEWDlNAChbNf26virjlz 9elJ73lZCEKFQF4Qy0j4lw==
0000950123-10-004963.txt : 201001260000950123-10-004963.hdr.sgml : 2010012620100125173713ACCESSION NUMBER:0000950123-10-004963CONFORMED SUBMISSION TYPE:8-KPUBLIC DOCUMENT COUNT:33CONFORMED PERIOD OF REPORT:20100125ITEM INFORMATION:Regulation FD DisclosureITEM INFORMATION:Financial Statements and ExhibitsFILED AS OF DATE:20100126DATE AS OF CHANGE:20100125
FILER:
COMPANY DATA:COMPANY CONFORMED NAME:MERCER INTERNATIONAL INC.CENTRAL INDEX KEY:0001333274STANDARD INDUSTRIAL CLASSIFICATION:PULP MILLS [2611]IRS NUMBER:470956945STATE OF INCORPORATION:WAFISCAL YEAR END:1231
FILING VALUES:FORM TYPE:8-KSEC ACT:1934 ActSEC FILE NUMBER:000-51826FILM NUMBER:10545560
BUSINESS ADDRESS:STREET 1:14900 INTERURBAN AVENUE SOUTHSTREET 2:SUITE 282CITY:SEATTLESTATE:WAZIP:98168BUSINESS PHONE:(206) 674-4639
MAIL ADDRESS:STREET 1:14900 INTERURBAN AVENUE SOUTHSTREET 2:SUITE 282CITY:SEATTLESTATE:WAZIP:98168
FORMER COMPANY:FORMER CONFORMED NAME:MERCER INTERNATIONAL REGCO INC.DATE OF NAME CHANGE:20050715
8-K1o58838e8vk.htmFORM 8-K
e8vk
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section13 or 15(d) of the Securities Exchange Act of
1934
Date of Report (Date of earliest event reported): January25, 2010
MERCER INTERNATIONAL INC.
(Exact name of Registrant as specified in its charter)
Washington
(State or other jurisdiction of incorporation or
organization)
000-51826
(Commission File Number)
47-0956945
(I.R.S. Employer Identification No.)
Suite2840, 650 West Georgia Street, Vancouver, British
Columbia, Canada V6B 4N8
(Address of Office)
(604)684-1099
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy thefiling obligation of the registrant under any of the following provisions (see General InstructionA.2. below):
oWritten communications pursuant to Rule425 under the Securities Act(17 CFR 230.425)
oSoliciting material pursuant to Rule14a-12 under the Exchange Act (17CFR 240.14a-12)
oPre-commencement communications pursuant to Rule14d-2(b) under theExchange Act (17 CFR 240.14d-2(b))
oPre-commencement communications pursuant to Rule13e-4(c) under theExchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE
The information contained in this Current Report shall not be deemed to be filed for the purposesof Section18 of the Securities Exchange Act of 1934 (the Exchange Act) or otherwise subject tothe liabilities of that section, nor shall it be incorporated by reference into a filing under theSecurities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specificreference in such a filing.
Attached as Exhibit99.1 are materials relating to Mercer International Inc.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
99.1
Presentation Materials relating to Mercer International Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly causedthis report to be signed on its behalf by the undersigned hereunto duly authorized.
MERCER INTERNATIONAL INC.
/s/ David M. Gandossi
David M. Gandossi
Chief Financial Officer
Date: January25, 2010
MERCER INTERNATIONAL INC.
FORM 8-K
EXHIBIT INDEX
Exhibit Number Description
99.1
Presentation Materials relating to Mercer International Inc.
EX-99.12o58838exv99w1.htmEX-99.1
exv99w1
Exhibit99.1
BC's Bioenergy Strategy:
Examining Progress and Potential in the Province
Canadian Institute's BC Power Conference
January 2010
The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" forforward-looking statements. Certain information included in this presentationcontains statements that are forward-looking, such as statements relating toresults of operations and financial conditions and business developmentactivities, as well as capital spending and financing sources. Such forward-looking information involves important risks and uncertainties that couldsignificantly affect anticipated results in the future and, accordingly, such resultsmay differ materially from those expressed in any forward-looking statementsmade by or on behalf of Mercer. For more information regarding these risks anduncertainties, review Mercer's filings with the United States Securities andExchange Commission.
Forward Looking Statements
Company Overview
Mercer is the largest publicly traded NBSK(1) market pulp producer in theworld
Operates three pulp mills with 1.46 million ADMT(2) of capacity
_________
(1) NBSK = northern bleached softwood kraft
(2) ADMT = air dried metric tonnes
(3) Stendal is a 74.9% owned facility
Rosenthal
(Germany)
Stendal (3)
(Germany)
Celgar
(BC, Canada)
495,000 ADMT
325,000 ADMT
635,000 ADMT
X axis Company Comment Botnia Size 1 Sodra Size 2 Mercer Size 3 Ilim Pulp Size 4 Weyerhaeuser Size 5 Canfor Size 6 UPM Size 7 West Fraser Size 8 Billerud Size 9 Tembec Size 10 Stora Enso Size 11 Domtar Size 12 Howe Sound Size 13 SCA Size 14 M-real Size 15 Heinzel Size 16 SFK Pulp Size 17 Clearwater Size 18 AbitibiBowater Size 19 International Paper Size 20 Dots for lines W.Avg Cap
30 Horisontal line 370 0 0 Horisontal line 370 0 20.1 Vertical Line 800 0 20.1 Vertical Line 0 0 Units 13.1 Botnia 531.1 1865 17.7 Sodra 407.1 1455 11 Mercer 504 1420 25.3 Ilim Pulp 549.9 995 19.6 Weyerhaeuser 333.9 980 26.6 Canfor 493.6 900 14.4 UPM 435.1 870 23.4 West Fraser 345.1 690 20.5 Billerud 241.6 645 23.7 Tembec 244.2 590 24 Stora Enso 295.1 525 21.4 Domtar 268 490 20.3 Howe Sound 435 435 12.7 SCA 420 420 27.5 M-real 380 380 13.5 Heinzel 375 375 28.3 SFK Pulp 375 375 25.9 Potlatch 365 365 25.9 AbitibiBowater 172.5 345 23.7 International Paper 124.6 335
World Class Assets
Mercer operates world-class mills which are some of the largest andmost modern in the world
Relative age and production capacity provide a competitive advantage overcompetitors
Note: Bubble size reflects market and integrated pulp production capacity.
Source: Jaakko Poyry
Technical age (Years)
Weighted AverageTechnical Age 20.1years
Weighted average mill capacity (000 mt/a)
Weighted AverageCapacity 370,000t/a
Q409
STRONG
Sodra
Weyerhaeuser
Tembec
SCA
W. Fraser
Ilim
Domtar
Mercer
Canfor Pulp
Botnia
UPM
Howe Sound
Heinzel
Billerud
IP
Stora Enso
Clearwater
AbitibiBowater
SFK
M-real
WEAK
Low production costs
Low maintenance capitalrequirements
High runability / efficiency
State-of-the-artenvironmentalcompliance
All facilities are netenergy producers
Mercer Bioenergy Profile
1.30 million tonnes
Pulp Production
1.43 million tonnes
Pulp Production
1.40 million tonnes
Pulp Production
2008
2007
2006
With Celgar GreenEnergy Project
In modern kraft mills, pulp production and energy production are positivelycorrelated; more pulp being made means more power is generated
Future
Mercer currently has 211 MW of installed Biomass generating capacity
Mercer's Castlegar mill has 52 MW of installed capacity, which is being expanded to100 MW following the completion of the Celgar Green Energy Project in Q3-2010
Bioenergy in British Columbia
Background Information
Value of Cogeneration -Combined Heat and Power(CHP)
Forest Value Utilization &Climate Change
Understanding A Kraft PulpMill's Production Processes
In order to betterunderstand our analysisand perspectives, thefollowing slides providebackground informationon these three concepts
Biomass Cogeneration, supplying both electricity and heat to an industrialsite or community, will use 30 - 40 % less primary fuel than conventionalgeneration. This can represent a reduction of CO2 emissions of up to 50%
Value of Cogeneration - Combined Heat and Power
50
50
ELECTRICITY
HEAT AND LINE
LOSSES
95
9
BOILER
EFFICIENCY
LOSSES
PROCESS
HEAT
POWER
STATION
FUEL
130
35
35
COGEN
FUEL
189
100
CONVENTIONAL SEPARATE
GENERATION
COMBINED HEAT AND
POWER GENERATION
59
ELECTRICITY
ENERGY
USER
BOILER
FUEL
PROCESS
HEAT
15
CHP
EFFICIENCY
LOSSES
CO2
CO
2
189 Units of fuel creates
85 units of useful energy
VERSUS
100 Units of fuel creates
85 units of useful energy
Provides the most efficient useof the biomass resource byincreasing thermal efficiencyfrom 40% to 85%, eliminatingwaste
Reduces GHG emissions byup to 50%
Reduces transmission anddistribution losses
Jurisdictions such as Europe have long recognized theimportance of CHP by only allowing generation projects thatuse CHP and by providing financial incentives for newprojects that use CHP and have efficiency above 75%
Cogeneration - Combined Heat and Power (CHP)
Climate change has emerged as the most dominant environmental issueof our time
Forest Value Utilization & Climate Change
Climate change has had tangibleimpacts on BC's forests
The unprecedented Mountain PineBeetle epidemic killed 620 millionm3 of BC's forests
Our forests, while damaged by climatechange, also play a very importantrole in tackling climate change
Climate change has tangible impacts on our forests - best demonstratedby the Mountain Pine Beetle epidemic in BC's forests - but our forestsalso play a very important role in mitigating this climate change
Actively managing our forests not only keeps our forests as a sustainableresource, but limits carbon emissions and increases carbon sequestration bykeeping a healthy, growing forest
A healthy growing forest absorbs more CO2 than a mature forest and is far lesssusceptible to decomposition and wildfire, two large sources of carbon emissions
Increasing the utilization of wood and other forest based biomass products inactivities like construction will increase the sequestration of CO2 and CO2equivalents
The average wood frame house stores approximately 30 tonnes of CO2, orroughly the amount of carbon generated from driving a car for 5 years
Using wood products also offsets the use of materials such as concrete andsteel, which require large amounts of fossil fuels to produce, further reducingGHG emissions
The use of biomass feedstock in areas such as heating, electricity generationand transportation will significantly offset the use of fossil fuel
Forest Value Utilization & Climate Change
Utilizing our forest resources more efficiently and more effectively hasgreat potential to help BC achieve its climate change goals
By combining forest management techniques, increased substitution andutilization of wood products, and increased use of biofuels, large scaleimprovements in carbon emissions can be achieved
Carbon Benefits from Improved Utilization of Our Forests
Source: "Tackle Climate Change - UseWood", BC Forestry Climate Change Group
Forest Value Utilization & Climate Change
Historically, logging debris and some sawmill residuals have beenunderutilized in certain regions of BC
This is largely a result of animbalance between various users inthat lower quality fiber productionoutstripped demand in certain areasof BC's forests
Mountain Pine Beetle hasaccentuated the disparity in creatingadditional volumes of lower gradebiomass over the short-term
It is clear that fully utilizing theforest needs to be an importantpart of BC's plan to address climatechange
How do we extract the maximum value from BC's forest resourcesin a way that not only creates sustainable jobs and industries, buthelps to achieve BC's climate change mitigation goals?
Forest Value Utilization & Climate Change
Maximum value is extracted from BC's forests when the rightfiber goes to the right end-users
Lumber
Pulp & Paper
Specialty Chemicals
Transportation Biofuels
Electricity
Wood Pellets
Firewood
Lumber
Pulp & Paper
Specialty Chemicals
Transportation Biofuels
Electricity / Heat (CHP)
Wood Pellets
Firewood
Higher
Value
Lower
Value
Potential opportunityfor BC Forest Industry(technologies underdevelopment)
A symbiotic relationship exists between solid wood and pulp, as pulpmills operate on a scale that can process low value wood residuals left overafter sawlog harvesting and lumber processing
Forest Value Utilization & Climate Change
WoodChips
Washedpulp
WetPulp
Bleachedpulp
MarketPulp
BlackLiquor
GreenLiquor
Steam
GreenElectricity
Digester
WhiteLiquor
Recovery
Boiler
Recaust.
Plant
Washer
Bleaching
Plant
Pulp
Machine
Turbo
Generator
Green EnergySystem
Kraft PulpSystem
Understanding A Kraft Pulp Mill's Production Processes
A modern kraft pulp mill is a large scale biorefinery that produces both pulp and excessgreen energy. These mills have the necessary expertise, infrastructure and potential to befuture large scale producers of biomass based transportation fuels and specialty chemicals
Future potentialspecialty chemicalsand transportationbiofuels
Kraft pulp mills are already the largest producers of Biomass Energy
As more jurisdictions pay premiums for green biofuels and electricity, pulp millshave more incentive to increase green production and unlock unrealized valuefrom existing assets
Use of cogeneration is far more efficient than a stand alone power plant
Infrastructure, systems and personnel are already in place
Scalability provides for low energy conversion costs
Future opportunities exist to extract additional green products out of the kraft pulpprocess in addition to existing green chemicals
Biomass methanol and other green biofuels
Green turpentine, tall oil and other specialty chemicals
Pulp Transition to Bioenergy Economics
Bioenergy opportunity for NBSK producers
BiomassResidues
Gasification
Hydrolysis
Syngas
Fermentation
Biofuels
Biofuels,
Bio-basedchemicals
Pulpwood &
Sawmill Chips
Fermentation
Biofuels,
Bio-basedchemicals
Lime Kiln
Fuel
TraditionalPulp MakingProcess
Pulp Sales
Roadmap to the Future
Additional Pulp Mill Biorefinery Opportunities
As existing biorefineries, pulp mills have the necessary scale, infrastructure,expertise and supply chains to offer many technological opportunities forsustainable products and enhanced value through cogeneration and coproduction
Requirements to offset fossil fuels with renewable biofuel content is increasing inprevalence in different jurisdictions world-wide, increasing their demand
BC's Bioenergy Strategy - Overview
In January 2008, the BC Government released the BC Bioenergy Strategy
It directly supports the BC Energy Plan and is designed to help strengthen theprovince's long-term economic competitiveness and electricity self-sufficiency,while supporting emissions reduction goals:
Source: "BC Bioenergy Strategy - Growing Our Natural Energy Advantage" Overview Document
Electricity self-sufficient, withinsurance, by 2016
Zero net emissions by existingthermal plants by 2016
All new generation to have zero netGHG emissions
Clean renewable power to accountfor 90%+ of BC's total generation
5% average renewable fuel standardfor diesel and 5% ethanol content ingasoline by 2010
It allows challenges such as the mountain pine beetle infestation and globallyuncompetitive rural industries to be turned into new, sustainable opportunities
BC's Bioenergy Strategy - Overview
The Strategy aims to develop BC's bioenergy resources and enhance theireconomic and environmental benefits by establishing different mechanisms toincrease investment and innovation within BC:
Provide $25 million in funding for a provincial Bioenergy Network focusing onbioenergy projects and technologies such as wood gasification, bio-ethanolproduction, anaerobic digestion and gas processing
Provide up to $10 million in funding to advance provincial biodiesel production
Implement a two-phase Bioenergy Call for Power, focusing on existingbiomass inventory
Capture methane at BC's largest landfills
Increase the utilization of sawmill residue and logging debris from phased-outbeehive burners and use this biomass to produce clean energy
Create at least one academic leadership chair in bioenergy
BC Bioenergy Strategy - A Policy Conundrum
Background
The BC Pulp & Paper Industry has always been a consumer of sawmill bark waste,sawdust, sawmill chips and a small amount of standing timber
This biomass converts into approximately 7 million tonnes of pulp and paper and123 million GJ of fuel, which then gets converted into heat and electricity
This makes BC one of the largest bioenergy producers in the world
Wood sources for the BC P&P are all market based, with supply and demanddriving wood prices
The majority of the electricity generated by BC Pulp Industry (3,500 GWh annually)is currently locked in at heritage rates of C$30/MWh
Cumulative volume of biomass
0%
100%
Low CostLow Volume
High CostHigh Volume
BiomassCost/VolumeContinuum
Not Used
CurrentlyUsed
Low Cost
High Cost
BC Bioenergy Strategy - A Policy Conundrum
Cumulative volume of biomass
0%
100%
Low CostLow Volume
High CostHigh Volume
BiomassCost/VolumeContinuum
Not Used
CurrentlyUsed
Low Cost
High Cost
Market Distortions from Existing Policy
European subsidies for pellets have allowed producers in BC to be able to outbidexisting biomass users in BC because there is a BC policy that does not allow forthe revaluation of existing power generation
Result: No net Carbon improvements as biomass is simply shifted to differentjurisdictions, putting existing BC biomass power plants at risk of curtailment orshutdown
Logging residues and standing timber are tremendous resources for creatinggreen energy that are currently underutilized in BC.
How can BC expect to maintain a market based system for wood if policies arecreated which incent new users, but ignore existing industrial users?
Policy must create an environment thatwill provide the following:
Since the biomass supply is market based, the incentives (electricity pricing)to increase usage must apply equally to both existing and new entrants.
Policy must make price incentives as widely available as the market based supply
Current Affordability
Affordability withIncentive
Current BiomassFuel Consumption
Consumption withIncentive
SawmillHog
RoadsideDebris
Simplified Heat & ElectricityBiomass Volume Continuum
BiomassFuel Cost
Biomass FuelVolume
StandingTimber
Fiber supply certainty for newentrants to allow for largecapital investments
Allow existing biomass users tocompete in the market forbiomass
To simplify the BC Discussion,lets not include biomass usedin the manufacturing of pulpand paper in BC and just lookat the spectrum of wood that isused in BC to generate heatand electricity
BC Bioenergy Strategy - A Policy Conundrum
BC Bioenergy Strategy
The BC Government's work on climate change policy and the activitiescarried out by the MoF continue to support the advancement ofbioenergy in BC
However, the Bioenergy Strategy is somewhat vague and has not beenevolving with strategy refinements or public updates
The Strategy needs to be updated and further details provided, as theGovernment's knowledge and awareness of the opportunities and risksassociated with bioenergy have grown significantly since 2008
Some key principles that need to be incorporated include:
Adoption of efficiency standards for biomass fuels in order to preventstandalone biomass generation without the use of CHP
Recognition of the value provided by existing biomass generators byproviding equal access to incentives for both new and existing generation
Biomass generation is not like hydro, where the conditions under which theassets are constructed are likely to remain unchanged once operational
As biomass facilities must compete for finite biomass resources, eachnew entrant has a direct impact on the economics of the biomass marketand these impacts must be accounted for
BC Bioenergy Strategy
Where on the value chain of Biomass production does BC want to be -a low tech producer of wood pellets or on the cutting edge of liquidbiofuel production?
Denmark decided it wanted to be a worldleader in wind energy, so it providedgovernment funded incentives tostimulate the development of this cuttingedge technology
Other jurisdictions are already investingheavily in bioenergy technologydevelopment
If BC wants to be a global leader inbioenergy, as part of its Strategy, itmust begin allocating funding on ascale that is commensurate with themagnitude of this goal in order tostimulate the development of thesebioenergy technologies
Pulp & Paper Green Transformation Program
A $1 billion federal program whose objective is to improve theenvironmental performance of the Canadian pulp and paper industry
Green Transformation Program (GTP) supports innovation and investments inareas such as energy efficiency and renewable energy production
Funds are distributed based on a mill's production of Black Liquor biofuel
$0.16 / liter of Black Liquor produced, with production volume beingstandardized so as not to disadvantage the different types of pulp mills
GTP is a direct response to the US Black Liquor subsidy
Funds must be used on approved capital projects that have environmentalbenefits and cannot be used to pay down debt, pay taxes or cover operatingand maintenance expenses
This is in contrast to the US Black Liquor subsidy, where the cash awarded canbe spent without restriction, at the discretion of the mill
Pulp & Paper Green Transformation Program
The Green Transformation Program will allow for reinvestment in pulpmills, some of which have not been reinvesting over the last few years
GTP should act as a catalyst for future private sector investment in mills as wellas providing economic benefits for rural BC communities
The economic benefits include a significant increase in employment duringconstruction and installation phases and, more importantly, improved long-termenvironmental and economic sustainability for the mills and their communities
GTP funded projects will result in increased green energy production, improvedGHG emissions and reduced community odour
The old technical age of most BC pulp mills means that those mills willhave a long way to go before being true net energy producers, but theGTP is an important step in the right direction
This old technical age means most GTP funds will be invested in existingoperations with a focus on energy self-sufficiency, rather than on technologiesto produce new green chemical production and liquid biofuel development
BCUC Requirement for First Nations Consultations
In the 11th hour of the Phase 1 Bioenergy Call for Power, the BCUCdetermined that it would require First Nations consultations after all ofthe Call's other processes had already been completed
It should be noted that Mercer is supportive of conducting First Nationsconsultations for projects. In fact, Celgar conducted extensive consultationsfor its Green Energy Project prior to this requirement
The implementation of this new BCUC requirement could be a case studyon how "red tape" that is applied in the last minute can stifle or outright killeconomic development in BC
In response to the Call, companies bid their biomass projects into the Calland subsequently negotiated with BC Hydro on terms and price
The process occurred in good faith, with all requirements being publicly laidout on BC Hydro's website
Companies such as Mercer made financial commitments, as EPAs weresigned and timelines were set for development
To the surprise of all proponents, regulatory approval took 7 full months forrelatively simple contracts because of the last minute decision that theBCUC must undertake First Nations consultation
For Celgar, this change to the BCUC process and the lack or regulatorycertainty caused a delay in Celgar's Green Energy Project by almost a year
An unfortunate outcome, as the Project's construction would have occurred duringthe peak of the recession, providing hundreds of much needed construction jobs
BCUC Requirement for First Nations Consultations
Unintended consequences such as lost jobs could have been avoided ifmore foresight had been applied and the situation handled differently
BCUC could have adopted this requirement for the next Call process, ratherthan implementing it during the 11th hour of this Call
The court ruling which spurred this adopted requirement applied to hydrodams. As such, consideration should have been given to the unique nature ofbiomass based energy production at existing facilities:
Three of the four EPAs that were awarded under the Call went to pulp mills.These projects were incremental in nature and had already undergone FirstNations consultation in order to secure the permits needed to operate
In addition to increasing the amount of green energy produced, these projectsactually improve the existing environmental footprint of these mills
All BC pulp mills have an auditable chain of custody, as any wood - theprojects' fuel source - that is harvested in BC requires a cutting permit, andeach cutting permit has a First Nations consultation process requirement
If these consultations did not occur, there would simply be no wood and thus noproduction
BCUC Requirement for First Nations Consultations
Did requiring First Nations consultation make sense during the Phase 1Call for Power application process?
The Electricity Purchase Agreementsthat were awarded to these millsunder the Call are just contracts thatallow these mills to sell products thatthey already produce and sell to BCHydro
If the Pulp mills are already makingthese products, selling them andoperating within their existingenvironmental permits and businesslicenses, then why would the millsneed to revalidate their right tooperate their privately owned plantsthat are located on private land?
Where Do We Go From Here?
Achieving BC's climate change and bioenergy goals will require carefulanalysis and consideration. What should we do?
Create a forum where Government and Industry work together to establishthe vision and framework for the next steps
Create the necessary hosting conditions to allow existing forestry operations,as well as the emerging bioenergy industry, to flourish in BC through thecreation of a clear policy framework that must:
Address wood supply and energy pricing to allow both new and existingbiomass electricity generators to exist and grow
Only encourage projects that are operationally efficient in their use ofresources (ie. CHP)
Drive BC towards maximizing the efficiency of operations and the generationof bioenergy from existing industry players
This could be the catalyst to save the future of many of these facilities, savingall the jobs that rely both directly and indirectly on their continued operation
These existing facilities keep many times more people employed than astand-alone power plant
Energy will provide a platform for reinvestment and will build a sustainablefuture for these industries
To measure our success, we can examine where we stand currentlycompared to our future potential
Optimize our existing industry
We have a pulp and paper industry that annually consumes approximately28 million m3 of wood and requires approximately 8,700 GWh of electricity
Given that our Celgar mill - one of the most technically modern mills in BC -consumes 2.8 million m3 of wood and generates a surplus of 238 GWh peryear, we can extrapolate that an optimized BC Pulp & Paper industry has thepotential to increase bioenergy generation by over 10,000 GWh per year
Increase bioenergy generation from unused fiber resources
There is realistically another 1,000 GWh per year of generating potential fornew and existing producers to capitalize on in the coming years
We need a detailed policy framework that is consistent and fairfor all biomass users in order to make this happen
Achieving BC's climate change and bioenergy goals will require carefulanalysis and consideration. What should we do?
Clearly understand that this is going to require a massive amount ofinvestment if these desired outcomes are to be achieved
Government will need to kick start this investment and provide a clear policyframework in order to create the necessary hosting conditions to give theindustry a chance to flourish and be profitable
Where Do We Go From Here?
Where Do We Go From Here?
There remains significant bioenergy potential within the wood that BC'sPulp & Paper industry (P&P) consumes which needs to be unlocked inorder to turn this industry into a net exporter of bioenergy
BC P&P consumes roughly 28 million m3 of wood, yet is still a net consumerof approximately 8,700 GWh of electricity
As BC Hydro sold 52,500 GWh of electricity last year, BC P&Prepresents a significant portion of these sales. Any reduction in P&P'snet consumption will have a positive impact on BC's power balance
To achieve BC's Climate Change and economic development goals, it iscritical that we unlock the remaining bioenergy potential in the wood that isalready being consumed, rather than just inefficiently using more wood
We need to aggressively move BC towards being a global leader in thedevelopment and commercialization of new and existing biomasstechnologies and create hosting conditions that will allow the bioenergyindustry to flourish in BC
These conditions include developing policy and approaches that willmitigate the supply risk associated with biomass feedstocks for allconsumers, new and existing, allowing for the large capital investmentsnecessary for BC to achieve these goals
GRAPHIC3o58838o58838z0001.gifGRAPHIC
begin 644 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