Hudson Valley Paperboard

Project Summary

CorrVentures LLC is a private development company whose principals have long-established histories of success in developing, managing, and operating projects in the pulp & paper and corrugated packaging markets, similar to the project planned for 1900 River Road.

Hudson Valley Paperboard, LLC (“Hudson Valley”; the “Project”; the “Mill”) will be formed for purposes of designing, building, and operating a new state-of-the-art 100% recycled lightweight containerboard mill located in Rensselaer County, NY. Annual production will be 300,000 tons/year.

The Hudson Valley Paperboard (HVP) Project will be built by one of several major globally recognized firms who will have responsibility for the design, engineering, procurement, and construction of the new lightweight containerboard mill operations. Yates Engineering (Birmingham, AL) has been engaged by CorrVentures to assist in completing the Project design and detailed cost estimate, and is being assisted by Greystone Engineering (Saratoga Springs, NY) for remediation and site development support, and CT Male (Latham, NY) for permitting and environmental approvals.

Total HVP Project investment is currently budgeted at approximately $315 million. It is anticipated that a minimum of 200 new construction jobs will be created directly as a result of this effort, with substantial additional jobs being created through the multiplier effect to the surrounding Rensselaer County, NY community. At commercial start up, 100+ permanent jobs will be created. The Project schedule currently anticipates a Q1 2020 financial closing, with commencement of commercial operations in Q1 2022.

Community Benefits

Papermaking continues to play a strategic role in our modern economy. With nearly every corrugated box, carton and point of purchase displays utilizing paperboard liner as their raw material.

The advent of internet sales direct from warehouse, aptly named the “Amazon effect” has had a significant impact on the Industry and the demand for more paper-based materials. With historical roots in Egypt, Asia and Europe, early American paper making began with linen fiber mills in the Northeast and then developed into various mixtures of both hardwood and softwood fiber blends derived from the forests of the Appalachian Mountains and the pine forests of the South.

The introduction of the “Corrugator” to combine 3 or more thin reels of liner into a combined hi-strength sheet revolutionized the shipping Industry during the early Twentieth Century. Wooden boxes were quickly replaced by “combined” liner at a fraction of the cost.

Today, paper mills producing linerboard can be found throughout most of the United States and parts of Canada and Mexico. The introduction of recycled paper into the raw material mix has had a profound impact on the Paper Industry and thus has created new and uniquely flexible capabilities that no longer require paper mills to be located near a source of “virgin” forest. No longer do trees need to be cut down to create linerboard.

Instead, paper waste can now be culled from the waste stream and recycled into paper liner.

Hudson Valley Paperboard will ensure that all production is derived from 100% recycled materials thereby dramatically reducing chemical usage. There will be no requirement for on-site pulping, chemical digesters or bleaching of raw tree logs.

Hudson Valley Paperboard will manufacture high strength lighter weight containerboard that will reduce the weight of boxes used to deliver products. The Mill will use less than half the amount of fresh water that was typical two decades ago. The Mill will also incorporate the design and build of an on-site wastewater pre-treatment plant. The remaining “treated” effluent will be piped into the County Sewer Authority for final processing.

An on-site Co-generation power facility that is highly efficient and matched to the Mill’s power requirements is under review for adoption. This will greatly minimize the Carbon footprint of the Mill and facilitate the creation of one of North America’s most advanced “green” and clean recycled paper mills.

The Mill’s design, equipment and process flow will limit air emissions to water vapor with no odor. Vent units will incorporate the latest technologies to screen and filter the air emissions. The end result will be an attractive and refined manufacturing paper facility that will be nearly undetectable.