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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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