On November 3rd, 2022, the Company’s initial facility in Regina, Saskatchewan received the final Approval to its Environmental Impact Statement (“EIS”) filed with the Saskatchewan Ministry of Environment.
The EIS is a vital part of the environmental permitting steps for the $500 Million project, which will produce approximately 200,000 tonnes of market pulp annually from straw collected and aggregated from local wheat producers.
“This is a key project milestone for the Red Leaf team as we advance towards the next stages of development and final financing agreements in the coming months,” said Martin Pudlas, Chief Executive Officer of Red Leaf. “We want to thank the Ministry for their transparent and rigorous review of our initial facility in Regina, which has led to superior net benefits of sustainability to our final process and plans for future facilities. The outcomes outlined in the EIS should help re-shape the pulp industry in Canada.”