LignoTech-backed $110M venture to stabilize global supply of key water reducer ingredient

Rayonier Advanced Materials, Jacksonville, Fla., and Borregaard ASA, Sarpsborg, Norway, have effected a letter of intent to develop a 150,000-metric-ton capacity production line for lignin, a cellulose-derived raw material where global supply and demand imbalance invites price spikes of products including concrete admixtures. Their 45/55 joint venture will be based at the Fernandina Beach, Fla., cellulose fiber processing plant of minority partner Rayonier.