The Vertaris mill in France, an idled recycled pulp mill, is set to resume operation, according to Euwid Pulp and Paper.
Delion France, a Springwater Capital subsidiary, has purchased a part of the equipment and aims to produce deinked market pulp there, starting up the mill later this year.
The paper machines run by Vertaris are already sold, and there are no plans to resume paper production.
The annual capacity of the mill will initially amount to 140,000 tpy for which the company reportedly has to invest €15-20m.
Michael Kihlgren, spokesman for Springwater Capital, said to Euwid Pulp and Paper that the goal is to scale up capacity to 200,000 tpy by 2016.
