More than five years after the closure of the Chapelle Darblay paper mill, located near Rouen (then owned by UPM), the government will support the takeover of the site by Fibre Excellence (see our post on June 5). A total of €52 million will be raised: €27 million in equity investments (equity or quasi-equity managed by the Public Investment Bank, BPI) and €25 million in grants and calls for projects. However, this financial support “will be conditional on the private fundraising that Fibre Excellence must now undertake.” In a press release, the CGT Union indicates that this decision “will finally make it possible to relaunch this mill with the production of paper for packaging, with a biomass boiler, a biological treatment plant, and, at the same time, still in the field of recycling, the restoration of the railway line and access to the Seine, and ultimately the creation of nearly 200 jobs.”
V. L.
Photo: Chapelle Darblay
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