EIB backs Metsä Group’s new bioproduct mill ...Middle East

european union - Economy
EIB backs Metsä Group’s new bioproduct mill
source : european union ( Middle East ) () 10
EIB signs €200 million loan with Metsä Fibre Oy, to support part of its investment in a new bioproduct mill in Finland, with higher production capacity and environmental standards.   The new energy self-sufficient bioproduct mill in Kemi will produce some 1.5 million tonnes of softwood and hardwood pulp per year, as well as many other bioproducts. The energy self-sufficient mill will produce 2.0 TWh of renewable electricity per year (roughly 2,5% of Finnish electricity production), excess electricity is sold to national and local grids.

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