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Rayonier Advanced Materials ( (RYAM) ) just unveiled an update.
Rayonier Advanced Materials Inc. (RYAM) has secured €67 million in green capital to bolster its biomaterials strategy. This financing includes €37 million in secured term loans from French banks and a €30 million preferred equity investment from SWEN Capital Partners, granting them a 20% stake in RYAM’s new subsidiary, BioNova. The funds will support projects like a bioethanol plant, aiming to generate over $40 million in EBITDA by 2027, showcasing RYAM’s commitment to growth and sustainability.
Find detailed analytics on RYAM stock on TipRanks’ Stock Analysis page.