The European Investment Bank and Svenska Cellulosa Aktiebolaget (SCA) have signed a EUR 150 million loan agreement.<\/p>\n
The EIB financing will support renewable energy and energy efficiency measures in a pulp mill in Timr\u00e5, Sweden, the regeneration and replanting of 68,000 ha of forest \u2013 almost three times the area of Stockholm \u2013 and the construction of 4 250 km of forest roads.<\/p>\n
New, advanced process technologies will be installed at the pulp mill in Timr\u00e5, resulting in substantial energy efficiency gains. Additionally, the mill will be able to make use of renewable resources, like bark and by-products from the production process, for its energy generation, including both power and heat.<\/p>\n
As a result, the modernized pulp mill will not only be energy self-sufficient and increase its production capacity, but it will be able to export surplus (green) power, SCA said.<\/p>\n
The pulp mill will start up in June 2018 once the modernisation project has been completed. The forestry project and the upgrade of the forest road network will be carried out over a period of five years from 2017 to 2021.<\/p>","protected":false},"excerpt":{"rendered":"