CIB loans $660 million for Irving Pulp & Paper mill modernization in Saint John

The Canada Infrastructure Bank provided a $660 million loan to Irving Pulp & Paper for the modernization of its Saint John mill, including a new recovery boiler, steam turbine and generator to produce up to 145 MW of renewable energy, creating over 600 new jobs.

“The modernization will make the mill energy self-sufficient, eliminate the combustion of heavy fuel oil as an energy source and reduce emissions per tonne of Kraft pulp by 50%.”newswire.ca

• 1 source
• newswire.caCIB loans $660 million towards Saint John Mill ModernizationCanada Infrastructure BankSep 26, 2025

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