Mercer secures C$20M Canadian government support for Peace River mill modernization

MERCER INTERNATIONAL INC.

Prairies Economic Development Canada commits C$20M (≈US$14M) to subsidiary Mercer Peace River Pulp Ltd.
Package: C$1M non-repayable plus C$19M repayable contribution, repayment starts 2031.
Funding supports mill transformation plan, including bio-energy expansion and carbon capture demonstration unit.
Announced Aug 26, 2026 by Minister Eleanor Olszewski during visit to northern Alberta mill.

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