The International Finance Corporation (IFC), the private sector arm of the World Bank Group, will provide a long-term loan of $40 million to fund the Karnataka-based West Coast Paper Mills Ltd’s modernisation and expansion plans.
Part of the loan will fund the installation of a new chlorine-free fibre line to eliminate a major source of pollutants from pulping operations.
Expansion includes paper manufacturing capacity from 1,63,750 tonnes per annum (TPA) to 3,20,000 TPA, along with replacing the existing pulping line with a capacity of 300 tonnes per day (TPD) with a new fibre line of 800 TPD capacity.
Expansion gets approval despite fears of further pollution of the river.
Producing pulp and paper casts a long ecological shadow beyond its impacts on the world's forests. Converting trees into paper uses large amounts of water, energy and chemicals and can generate vast amounts of air and water pollution.
The pulp and paper industry is the fifth largest consumer of energy, accounting for 4 percent of all the world's energy use.
The pulp and paper industry uses more water to produce a ton of product than any other industry.
Consumers play a pivotal role in reshaping the future of the pulp and paper industry, 40 percent of office paper still ends up in overburdened landfills.
Expanding the reuse of paper reduces the pressure to cut more trees, reduces demand on overburdened waste disposal systems and cuts energy use and pollution. One ton of recycled paper produces one ton of new paper, which is far more efficient than using virgin wood fiber.
Annual plants such as flax and hemp are rapidly renewable resources which can contribute to more environmentally-sound fiber blends.
Flax and hemp yield longer fibers and can assist in creating high quality paper when added to shorter fiber resources such as recycled office paper (post-consumer waste).
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