The COPEC COMPANIES
ESSENTIAL FACT
EMPRESAS COPEC S.A.
Registration Registry of Securities N°0028
Santiago, December 29, 2022
No. 57
Gentlemen
Financial Market Commission
Avda. Libertador Bernardo O’Higgins 1449
Present
Dear Sir or Madam:
The undersigned, in his capacity as Deputy General Manager of the open corporation called EMPRESAS COPEC S.A. (“Empresas Copec” or the “Company”), both domiciled in the Metropolitan Region of Santiago, El Golf N°150, 17th floor, Las Condes commune, registered in the Securities Registry with N°0028, RUT N°90.690.000-9, duly authorized by the Board of Directors, communicates to you the following essential information regarding the Company, its businesses, its public offering securities or the offer thereof, by virtue of the provisions of article 9 and paragraph 2 of article 10, both of Law 18,045, and in General Standard No. 30, of that Commission for the Financial Market:
As of today, Celulosa Arauco y Constitución S.A. (“ARAUCO”), a subsidiary of Empresas Copec S.A., reported that the process of feeding or loading chips from the digester of Line 3 of its Arauco Plant Modernization and Expansion Project (“MAPA”) has begun, thus initiating its start-up and pulp production process in said line.
As reported, MAPA consists mainly of the construction and operation of a new production line of 1,560,000 tons per year of bleached eucalyptus pulp (Line 3). In addition, the Project will be able to self-supply electricity in its operation, generating a surplus of approximately 132 Megawatts of renewable energy based on forest biomass. By virtue of this, the Project also considered the construction of an electric transmission line and its respective connection works to the National Electric System (SEN). Likewise, the Project contemplated the cessation of operations of Line 1 of the Arauco Plant, which occurred in January 2022.
With the start of operations of Line 3, added to the production of pine pulp of Line 2 currently in operation, the Arauco Plant will reach a total production capacity of approximately 2,100,000 tons of pulp per year.
The subsidiary believes that the implementation of MAPA will have positive effects on its results, although at the moment these are not quantifiable.
Sincerely yours,
Deputy General Manager
Empresas Copec S.A.
c.c.: Santiago Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Risk Classification Commission
Representative of Bondholders – Banco Santander
Credicorp Capital S.A., Stockbrokers
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=51edeb3b82b2124a91cffdec7b09fef7VFdwQmVVMXFSWGxOUkZFMVQxUnJlVTUzUFQwPQ==&secuencia=-1&t=1682376108
