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NewPage Corp, a US-based paper maker, has backed away from the biofuels gasification project at its mill in Escanaba, MI, because of spiralling costs. The project, a partnership between the company and Swedish firm Chemrec AB, had aimed to produce methanol and dimethyl ether from kraft pulp black liquor. The project was deemed unviable due to the lack of demand for methanol and dimethyl ether in North America that would sustain the plant's production and justify its installation costs. NewPage might go ahead with the project in the future once market and policy conditions improve.
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products with high earning potential. In line with the strategy, the company is scheduled to complete in Sep 2010 a plant for producing ship-bottom paints. An existing building is also being upgrade with a view to expanding the company's custom manufacturing capability for investigational new drugs.