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February 22, 2021

EIB provides EUR200 million loan to Metsä’s Kemi bioproduct mill

 The European Investment Bank (EIB) has signed a Euro 200 million loan agreement with Metsä Fibre Oy for its investment in the Kemi bioproduct mill in Finland. The financing will support a Euro 1.6 billion investment, which will increase the production volume of pulp and other bioproducts at the Kemi site through state of the art technology.  The EIB-supported parts of the larger project concern the generation of renewable energy during the production process, as well as the environmental protection parts of the works. The mill will produce 2.0 TWh of renewable electricity ...

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