Thursday, November 5, 2009

IP makes more from Uncle Sam than on paper

International Paper received USD $525 million for black-liquor credits as compared to $233 pre-tax earnings for the 3rd qtr. One of the biggest in the paper industry IP has already been credited more than $1.5 billion and soon will surpass $2 billion by the end of this year when the program expires.

This Us legislature is intended to encourage the use of alternative fuel that combines traditional petroleum and plant-derived substances. IP by adding some diesel [minimum 0.1 % of the volume] to the black liquor normally used to power kraft-paper mills , qualifies for benefit of te credits.


Read more in
http://deadtreeedition.blogspot.com/2009/10/international-paper-drowns-its-sorrows.html

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