Mercer International IncMERC
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Secures C$20M government funding for mill modernization and bio-energy/carbon capture projects.

Mercer International has secured C$20 million, approximately US$14 million, in financial support from the Canadian government for its Mercer Peace River Pulp subsidiary. The funding includes C$1 million non-repayable and C$19 million repayable, with repayment beginning in 2031. The capital will support productivity improvements and modernization at the Peace River mill in northern Alberta, including preparing the facility for expanded bio-energy production and carbon capture and storage. This builds on the mill's existing CO₂ capture demonstration project. Mercer International shares surged 53% in post-market trading.
Mercer International IncSecures C$20M government funding for mill modernization and bio-energy/carbon capture projects.