The largest softwood pulp investment in the world progresses as planned – three new investors introduced as co-owners
5.5.2015
Finnpulp Oy’s softwood pulp mill investment project to Kuopio,
Finland progresses as scheduled. When realized, the project, introduced
to the public in early 2015 by seasoned forest industry professionals,
will be the largest Finnish bioeconomy investment ever. In total, the
investment will be 1,4 billion euros.
The first financing phase, carried out during spring 2015, succeeded
as expected. As a result, the company gained three significant
investors, who represent Finnish forest and industry know-how.
After the completed financing phase, Finnpulp starts the
environmental impact assessment process immediately. Finnpulp
co-operates closely with the city of Kuopio, which starts to prepare for
city planning required by the project.
The annual production capacity of the planned softwood mill will be
1.2 million tons of softwood pulp. The pulp mill’s location in the heart
of eastern Finland’s softwood resources is ideal for the company’s
future operations.
The pulp mill will be the world’s largest production unit for
softwood pulp and tall oil. In addition, it produces a significant
amount of other bioproducts. The amount of bio electricity produced
annually to the national grid will be about 1 TWh.