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Rayonier Advanced Materials Announces Lignin Partnership Plans with Borregaard ASA
September 14, 2015
- JACKSONVILLE, Fla.–(BUSINESS WIRE)–Rayonier Advanced Materials (NYSE:RYAM) announced today that it has entered into a non-binding letter of intent (LOI) with Borregaard ASA to form a joint venture (JV) at its Fernandina Beach facility for the manufacturing, marketing and sale of natural lignin-based products. The new company will be owned 45 percent by RYAM and 55 percent by Borregaard.

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