FOR IMMEDIATE RELEASE
March 23, 2017 - Strategic partnership captures long-term lignosulfonate market view
Cosmo Specialty Fibers, Inc. (Cosmo) and Truth Chemical LLC (Truth) are excited to announce today a strategic agreement which will mutually ensure lignosulfonate supply collaboration between the two organizations.
The agreement includes lignosulfonate products, as well as the potential to improve into intermediate and secondary chemicals in the future.
Cosmo Specialty Fibers (CSF) is currently accepting proposals to carry out a comprehensive market analysis to determine the commercial viability of two residual mill products - Acetic Condensate and Cellulosic-Derived Sugars. Given transportation economics, the market analysis is restricted to a specific geographical area including the Lower Mainland of British Columbia, Washington, Idaho and Oregon.
Job applications are now being accepted at Cosmo Specialty Fibers, Inc., an affiliate of The Gores Group, CEO Michael Entz announced today. “Mill restoration has proceeded to the point where we are ready to fulfill the promise of approximately 150 new jobs with this process. We are accepting applications through our web site www.cosmospecialtyfibers.com where we are posting the whole range of positions available at the mill.”
The announcement was made by company CEO, Michael Entz.
“Tyler has been at Cosmopolis on the job in a consulting role since the Company started,” said Entz. “He has been building our financial structures and processes here at the mill and working closely with suppliers and consultants refurbishing the mill. It made sense, and it’s a great relief, that he accepted the job to stay and build the financial side of the company.”