Metsäliitto Osuuskunta
Metsä Group’s Äänekoski bioproduct mill receives a EUR 32 million investment subsidy for renewable energy

DGAP-News: Metsäliitto Osuuskunta

2015-04-02 / 12:27

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Metsä Group Press Release 2 April 2015


The Finnish Ministry of Employment and the Economy has granted Äänekoski
bioproduct mill a EUR 32.1 million investment subsidy for renewable energy. If
the prerequisites for the investment are met, the bioproduct mill investment
decision will be made this spring. 

The investment subsidy enables the use of highly advanced, high-risk energy
technologies in, for instance, the recovery boiler and lime kiln equipment
solutions. This will make the bioproduct mill the world's most energy-efficient
pulp mill, and the first to operate fully free from fossil fuels. The advanced
technologies will also maximise bioenergy production and thus, increase the
share of renewable energy in Finland by more than two percentage points. The
implementation of new technologies will increase the electricity
self-sufficiency of the mill to around 240 per cent, meaning that the mill will
produce 2.4 times more electricity than it consumes. The mill will annually
produce 1.8 TWh of electricity, which represents 2.5 per cent of the
electricity produced in Finland. 


METSÄ GROUP
Group Communications


More information:
Niklas von Weymarn, VP, Research at Metsä Fibre, tel. +358 40 547 6977,
niklas.vonweymarn@metsagroup.com 


www.metsagroup.com

Metsä Group is a responsible forest industry group whose products' main raw
material is renewable and sustainably grown northern wood. Metsä Group focuses
on tissue and cooking papers, fresh forest fibre paperboards, pulp, wood
products, and wood supply and forest services. Its high-quality products
combine renewable raw materials, customer-orientation, sustainable development
and innovation. Metsä Group's sales totalled EUR 5 billion in 2014, and it
employs approximately 10,500 people. The Group operates in some 30 countries.
Metsäliitto Cooperative is the parent company of Metsä Group and is owned by
approximately 122,000 Finnish forest owners. 


www.metsafibre.com

Metsä Fibre is a world-leading producer of softwood pulp and its main brand is
Botnia. Our products - sustainably and cost-efficiently produced softwood and
birch pulp - are specially developed for the production of high-quality tissue
and writing papers, speciality products, and board. With four pulp mills in
Finland, we employ a total of about 850 people. Our sales in 2014 were
approximately EUR 1.3 billion. Metsä Fibre is part of Metsä Group.
News Source: NASDAQ OMX



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2015-04-02 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                 
Company:     Metsäliitto Osuuskunta  
 
 
             Finland                 
ISIN:        FI0002001611            
 
 
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