The second shoe on a round of forestry development in the Prince Albert area has fallen. Two days ago we learned of a $250 million OSB plant to be built at PA and now there’s been an announcement from the province that the Prince Albert Pulp Mill is going to be fired up again.
The re-opening is a big story for the region. The plant was originally built in 1968 and was shuttered 15 years ago. A new owner – Paper Excellence – has plans to invest more than half a billion dollars in the facility to get it back into production, a development that could support more than 1,600 jobs, according to the government.
The government announced it had allocated timber rights to feed this plant which is targeted to get into operation in 2023. It will be using softwood which will complement the hardwood consumption destined for OSB mill announced yesterday.
Saskatchewan’s forestry sector is a billion-dollar a year business but these announcements will significantly increase the industry’s base following what has been quite a week.