Posted: Friday, October 29, 2010 2:46 PM
Clearwater Paper to get tax credit
LEWISTON, Idaho (AP) -- A Clearwater Paper official says the company expects to receive $24.7 million in federal tax credits for alternative fuels.
Linda Massman is Clearwater Paper's chief financial officer.
She tells the Lewiston Tribune that the company will receive the money due to black liquor, a byproduct of making paper. Black liquor is used by pulp mills as an energy source.
The company has a plant in Lewiston, where it makes pulp and paperboard.
The company says that so far this year it has earned $36.1 million manufacturing private label tissue, paperboard, pulp and lumber.
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Information from: Lewiston Tribune, http://www.lmtribune.com
Copyright 2010 The AP.
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