| View printer-friendly version
LignoTech Florida Joint Venture Gains Approval
Lignin, a natural component of wood, is a co-product of RYAM’s sulphite cellulose manufacturing process. The new operation will process the lignin into value-added products that provide environmentally-friendly alternatives to fossil fuel-based products used globally in construction, agriculture and other industrial applications.
The plant is expected to be constructed at a cost of
LTF received unwavering support from local city, county and state
officials during the evaluation phase of the process. The economic and
logistical support provided by local and state governments helped to
bring this investment into the community and is expected to create more
than 50 new high-paying jobs. A study commissioned by
LTF will be owned 55 percent by BRG and 45 percent by RYAM. BRG will
provide its market leading technical knowledge and global sales
distribution network, while RYAM will supply the raw material, site
services and other support. The parties expect to finance about half of
Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Rayonier Advanced Materials’ or LignoTech Florida’s future or expected events, developments or financial or operational performance or results, are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as "may," "will," "should," "expect," "estimate," "believe," "intend," "anticipate" and other similar language. However, the absence of these or similar words or expressions does not mean that a statement is not forward-looking. While we believe that these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe that the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law.
Rayonier Advanced Materials
Ryan Houck, 904-357-9134
Mickey Walsh, 904-357-9162