16.09.2014

Finnish companies plan major bioeconomy investments

Metsä Fibre’s EUR 1.1 billion bioproduct mill would be the forest industry's largest investment ever in Finland.

Finnish company Metsä Fibre, part of Metsä Group, is planning to build a bioproduct mill with an annual production capacity of 1.3 million tonnes per year in Äänekoski, central Finland. Metsä Fibre provided the Central Finland ELY centre (Centre for Economic Development, Transport and the Environment) with an Environmental Impact Assessment programme in May and this has been approved by the centre.

According to Metsä Fibre, the final investment decision on the mill construction will be made in early 2015, which means that the mill could be operational in 2017. If implemented, the bioproduct mill will cost about EUR 1.1 billion, making it the forest industry's largest investment ever in Finland.

New biofuel power plant

Finnish company Leppäkosken Sähkö Oy, together with Nokian Renkaat and SCA Tissue Finland Oy, is planning to invest about EUR 50 million in a new biorefinery located in Nokia, central Finland. The biorefinery will use forest residues as raw material, replacing natural gas use, and reduce carbon dioxide emissions in the area by 60,000 - 80,000 tonnes per year.

Pending environmental permit approval, construction work on the biorefinery could start this year and be completed by early 2016. The plant will have a thermal power capacity of 69 MW

Sources: Metsä Fibre, Keskisuomalainen, Aamulehti