International Paper will invest $103 million to build and operate two natural gas power boilers to generate steam for its containerboard mill in Cedar Rapids, Iowa. Construction will begin in the second quarter of this year and will be fully operational by the end of 2025.
The project will add seven new jobs, bringing total employment at the plant to 247. In addition, approximately 100 construction jobs will be created to support construction during the estimated project period.
«Congratulations to the Cedar River Mill team members. This investment is a direct reflection of your hard work and dedication to our customers and reflects the Company’s commitment to the community and our Industrial Packaging business» says Jay Royalty, senior vice president, Containerboard, International Paper. «Thank you also to the City of Cedar Rapids and the State of Iowa for their support and collaboration during the planning phases of this project».
IP is committed to its Vision 2030 target of reducing its enterprise greenhouse gas emissions by 35% by year 2030. This target is verified by the Science Based Target Initiative. The company’s Cedar River containerboard mill’s emissions would be directly reduced by approximately 25% as a result of the replacement of coal-based steam generators in the project. «When the recycling paper mill project was announced in the early 1990s, the enthusiasm of the community was enormous. Almost 30 years later, International Paper’s commitment continues with this latest $100 million-plus investment» comments Ron Corbett, vice president of Economic Development for the Cedar Rapids Metro Economic Alliance. «IP has once again demonstrated its support for the paper mill and the Cedar Rapids community».