Overview

• The Ministry of Economy announced a €52 million investment and an equity stake in the new company set to operate the mill.
• Fibre Excellence must now secure roughly €160 million in private funding to unlock the state’s financial commitment.
• The revamped facility will produce recycled paper for packaging and install a biomass boiler alongside a biological wastewater treatment system.
• Veolia acquired the former UPM site in 2022 and will supply recycled paper and cardboard for the project.
• Operations are slated to resume by 2028, with the revival expected to create nearly 200 jobs around Rouen.