LENZING - Austrian fibre producer Lenzing has successfully raised $650 million towards the cost of the world's largest dissolving wood pulp (DWP) plant in Brazil in a green bond issue.
The over-subscribed 'green notes' were issued by LD Celulose International (LDC), a wholly-owned subsidiary of Lenzing's partnership with wood panel producer Duratex to build the DWP plant near Sao Paulo.
