Chinese firm Tranlin (aka Vastly) delays $2 billion pulp and paper mill in Virginia, USA
(Chesterfield, Virginia, USA, May 03, 2017) A $2 billion paper mill planned for eastern Chesterfield County in Virginia will be delayed as the Chinese-owned company incorporates new technology overseas. The Chesterfield mill was originally expected to be “fully operational” by 2020.
The company, Tranlin Inc., also known as Vastly, said that its parent firm Shandong Tranlin Paper Company Ltd., will be “redeploying resources” as it incorporates the new technology. However, the company has not announced a revised timeline.
The current technology that had been planned for the Chesterfield plant was called “Generation 2.5 Technology.” The newer plant being developed in China is using “Generation Three Technology.” (Source: Chesterfield Observer)
Cover Image: Tranlin mill’s groundbreaking site