The AU$2 billion Penola Pulp Mill project in South Australia, shelved during the global recession, has been revitalized since The Commonwealth Bank recently came on board to help raise capital costs for the 750,000 tonnes/year mill, The Advertiser reported on 5 July.
The bank is also helping Greg Boulton, chairman of the company behind the project, and CEO Don Matthews to raise AU$20 million to finalize the design and lock down contracts, the paper reports.
