DENVER, CO – Headwaters MB advised Columbia Pulp (the “Company”) on a $180 million capital raise to finance a new paper pulp plant. The project will bring a 240,000 ton/year paper pulp plant to Washington, utilizing residual wheat straw as the feedstock. This facility is the first new pulp facility in the United States in over 50 years.
Columbia Pulp’s objective is to make valuable products out of waste straw. The Company uses a proprietary process to produce sustainable products that eliminate thousands of tons of air emissions.
William Sprague, Managing Director at Headwaters MB, commented, “Even though there are continued shortfalls in the infrastructure market there are still projects that are able to attract capital when properly structured and Columbia Pulp is a prime example.”