Joint Venture for Development of Steam Facility

We represented the partnership of Myllykoski North America, a Finnish-owned paper company, and Madison Paper Industries, a domestic general partnership of which Myllykoski is a partner with the New York Times, in a joint venture for the development of a steam facility, with co-generation potential, to deliver steam to the paper plant, using wood and bark by-product from the paper operation. Such operation, once complete, will not only provide a more economical source of steam for the operation of the paper plant, it will also convert the energy used for producing the steam from oil to the more environmentally sensitive bio-mass wood by-products from the paper mill.