Updated: Pan Pac shutters operations due to high energy prices

Pan Pac prays for rain. (Image: Pan Pac)

Thu, 08 Aug 2024

Pan Pac Forest Products says it will not resume pulp production until wholesale electricity prices drop more reasonably.With wholesale electricity prices reaching more than $800 a megawatt-hour (MWh) this week, Pan Pac’s managing director, Tony Clifford, decided to shutter its mill that produces pulp for export.“Pulp production will have to remain on hold until electricity prices come down,” Clifford said.He told BusinessDesk that in the near term, two things could make that happen: heavy rain and the coming into effect of its...

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