Cellulose Specialties Performance
Cellulose Specialties business performed near expectations and returned to normalized EBITDA margins in Q3, with adjusted EBITDA of $66 million and margins increasing to 32% from 28%.
Biomaterial Projects Progress
Progress on biomaterial projects includes the Altamaha Green Energy project and the BioNova Fernandina Beach project, expected to generate significant returns with high ROI on equity.
Cost Reduction Initiatives
Successfully implemented $30 million cost reduction program for 2026, with additional $20 million of EBITDA benefit expected for 2027 from strategic capital projects.
Positive Operational Developments
Operational challenges at Tartas are stabilizing, with key technical roles filled, and Jesup and Fernandina performing to expectations.
Trade Developments Favorable
No tariffs on Cellulose Specialties and dissolving wood pulp products into China, U.S., and EU. The U.S. ITC's determination on antidumping cases is a significant step toward fair trade conditions.