Millinocket mill won't reopen without help
The company that owns the papermill in Millinocket says it has hired two firms to study the cost of installing a biomass boiler at the mill, but will not restart the mill without an investor to finance, install and operate the boiler.
Fraser Papers CEO Peter Gordon yesterday said Toronto-based Brookfield Asset Managment, which owns the papermills in Millinocket and East Millinocket, has already spent $70 million and will not spend any more to restart the mill, according to the Bangor Daily News. Brookfield pays Fraser to manage the mills. Brookfield has hired the Cianbro Cos. in Pittsfield and Virginia-based Babcock & Wilcox Inc. to provide an engineering assessment of the mill and its existing boiler and steam equipment, according to the paper. Brookfield closed the mill Sept. 2 and will lay off as many as 208 employees once the mill has been mothballed.
David Farmer, spokesman for Gov. John Baldacci, said this morning that the state continues to work with Brookfield to reopen the mill with a new energy source.
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