Thursday, December 20, 2012

Former Marathon Pulp Mill Sale May Be Imminent

Sale of former Marathon Pulp mill may be imminent: Green Investment Group Inc. of Illinois, USA is interested in taking over the former Marathon Pulp mill in Marathon, Ontario. Marathon Pulp closed in February 2009 and declared bankruptcy shortly after. The Marathon Pulp site is known to be contaminated.  There were multiple chemical spills in 2009 and 2010 after the mill had closed, including a chemical plume on Lake Superior. The responsibility over the cleanup of the site was debated in court for 2 years.  Tembec, as co-owner of the mill, was found responsible for all known and unknown environmental issues, including the remediation. Another former owner, Ball Packaging, was responsible for paying for a sand cap that was placed on contaminated sediment in the harbour.
To sell the property to Green Investment Group Inc., the Ontario Ministry of the Environment will have to approve the sale, and allow the environmental responsibility to be passed from Tembec to the new owner.