In 2008, one paper company received nearly $30 million from the U.S. Treasury for just one month’s worth of black liquor use in just one of its four plants, according to an SEC filing turned up by The Washington Post. In this press release, International Paper trumpets the fact that it received $71 million for just one month’s worth of black liquor use in 2008.That's a lot of health care. Oh, and black liquor is a byproduct in the paper making process that is used as a fuel to make more paper, but you add a little diesel...you're now burning biofuel and qualify for subsidies or tax credits (I forget which).
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posted by nevercalm at 7:51 PM on March 25, 2010