Paraguay's Paracel announces first Forestry Development Program contract, for afforestation of 2,800 hectares; goal is to achieve 4,000 hectares in 2023, and in coming years 100,000 hectares within 200 km of site of its proposed pulp mill near Concepción

Asuncion, Paraguay , August 18, 2023 (press release) –

The Forestry Development Program was born from the need to increase the availability of wood for raw material at the national level and with the social commitment to provide a business alternative for producers in the areas of influence of Paracel.

This program focuses on income generation and diversification of the activities of producers, making their economy more viable through the planting of eucalyptus trees, while guaranteeing the existence of raw material for the industry.

On Friday morning, the first contract was signed with the company Ganadera R5 S.R.L. for the afforestation of 2,800 ha corresponding to 560,000 m3 of timber. This property is located in the districts of San Alfredo and Paso Barreto, department of Concepción.

Agustín Zapag and Per Olofsson, on behalf of Paracel, and Raúl Doria Cortés for the company Ganadera R5 S.R.L. also participated in the signing ceremony. Rodolfo Vouga, from the law firm Vouga Abogados and the CEO of Paracel, Flavio Deganutti, were also present.

Under the Forestry Development Program, Paracel has the objective of reaching 100,000 ha over the years, and in 2023 to achieve 4000 ha planted, in an area of influence of 200 km from the industrial plant site, located in the district of Paso Horqueta.

Some of the benefits associated with this program are:

• Strengthening of the local, regional and national forest-based economy.
• Strengthening of work in the field.
• Increased job and income opportunities in the territory.
• Promotion of regional entrepreneurship.
• Compliance with legislation.
• The forest plantation areas will carry out an important capture of carbon present in the air, therefore Paracel will contribute to the mitigation of the increase in the concentration of CO₂, the main Greenhouse Gas (GHG) that causes global warming.
• Income diversification.

We invite all those individuals or companies that would like to join the program to contact the Forestry Development team at the following e-mail address: fomento.forestal@paracel.com.py

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