Stora Enso secures Euro 150 million EIB loan for mill conversion - Global Paper Money

Click here for Pulp & Paper Radio International

The Paperitalo Library

The Paperitalo Library

White Papers/Downloads

PM 40 Companies

Cellulose Community

Paperitalo Resources

Paperitalo Supplier Directory

onlyPulpandPaperJobs.com

The Paperitalo Library

Inside PaperMoney

Paperitalo/Media Kit

Nip Impressions

Departments

Disconnected Comparisons

Insider Trading

Current News

Culture & Marketing

Corporate Finance

Labor & Union Actions

Major Expenditures

Market News of Note

Mergers & Acquisitions

Major Announcements

Operations Announcements

Facility Closures/Reductions

In Closing

Reference Library

AM Best Insurance News

Delaware Chancery Court

Fiduciary Developments

ICC News and Proceedings

Key Interest Rates

WTO News and Proceedings

Member Options

About Paper Money

Stora Enso secures Euro 150 million EIB loan for mill conversion

FINLAND (News release) -- The European Investment Bank (EIB) has signed a Euro 150 million loan agreement with Finnish renewable materials company Stora Enso. The financing will support the conversion of a former pulp and paper mill in the Finnish city of Oulu, from production of wood-free coated printing paper, into packaging board manufacturing mainly for the food and beverage sector.

The financing also covers upgrades in the pulp mill to produce unbleached brown pulp used for the production of packaging board. This conversion comes with significant changes and improvements to the treatment of malodorous gases and wastewater, further enhancing the environmental performance of the mill. The project will also produce renewable energy. The renewable energy generated in the mill aims to increase plant's overall self-sufficiency from the current 66% to 88%, thus substituting fossil-based energy, contributing to net emissions reductions of 42.8 kT CO2e/year.

The reason for this modernisation is to deliver effective and sustainable solutions for combatting global problems such as plastic waste, by substituting fossil-based materials (plastics) with renewable, recyclable and compostable materials in packaging and consumer goods manufacturing. Market studies indicate that renewable wood-fibres are about 65% less emissions intensive than plastics.

Readers, please tell your suppliers that you read Paperitalo Publications

Related Articles:

Green Bay Packaging announces major upgrades to Arkansas paper mill

Billerud to invest $127 million in Michigan facilities amid transition to paperboard production

Arauco invests US$40 million to expand production in Mexico

Stora Enso resolved on two new long-term incentive plans for key employees

Georgia-Pacific Announces $90 Million Investment to Grow Consumer Tissue Business

Irving Tissue plans a $600 million facility expansion in Georgia, hiring 100 more workers

Weyerhaeuser Company announces plan to build new facility in south Arkansas

DS Smith Announced EUR 34 Million Investment in Hungary

Modernising for the future: Metsä Board drives forward with major upgrades to Simpele mill

$600 million Saica recycled paper mill could mean 230 new Dayton, Ohio jobs, if city alters zoning rules

Login and voice your opinion!

Our Sponsors

Copyright © and Trademark PaperMoney ® 2006-2024 All Rights Reserved

A Paperitalo Publication/The Home of your Prospects (TM)

Copyright Statement | Privacy Statement | Terms of Service

Powered by Bondware

News Publishing Software

The browser you are using is outdated!

You may not be getting all you can out of your browsing experience
and may be open to security risks!

Consider upgrading to the latest version of your browser or choose on below: