Graphic Packaging Approves Biomass Project

Marietta, GA. /PRNewswire/ - Graphic Packaging International, Inc. (GPI), a subsidiary of Graphic Packaging Holding Company (NYSE: GPK), recently announced that it has approved a plan to expand utilization of biomass energy in its Macon, Ga., paperboard mill with an estimated cost of up to $80 million. The project, which will include a high-efficiency biomass boiler and a 40 megawatt turbine generator, will begin immediately. The objectives of the biomass project are to further the Company's sustainability strategy, reduce energy costs and to improve the profitability of the Macon mill in advance of expected increases in electricity costs. The