The construction of Empire Recycled Fiber mill in Fairless Hills, Pennsylvania is scheduled to commence this fall. The work on the mill project had started almost a year ago. The financing for the project is expected to close during Q3 2020. The construction works may take 12-14 months, thus gearing up for a 2022 startup. Upon full operations, the plant will employ approximately 110 full-time manufacturing employees. According to company press release, the mill will be constructed at an investment of $125 million. The facility will take in over 500,000 tons per year of recovered fiber and produce almost 440,000 tons per year of recycled paper pulp to be used as raw material by paper manufacturers.
Ahlstrom-Munksjö continues to focus on the growth segment of electrification, enhancing its latest product offering, totally dedicated to filtration media solutions for electric vehicles. The new solutions complement the products launched in May which included filtration solutions for cabin air, transmission and cooling systems.
Ahlstrom-Munksjö understands the market challenges and is developing new commercial solutions to address unmet customer needs for high performance filtration materials for electric vehicles. This includes enhanced filtration solutions for cabin air and transmission.
“I am very pleased to introduce our enhanced and expanded range of products from the FiltEV® platform,” said Cedric Vallet, Head of Business Development, Industrial Filtration & New Vehicles. “Through the enhancement of our cabin air portfolio, we are offering new filtration solutions delivering better protection for passengers. Better protection against fine particulates, thanks to HEPA media particulate efficiency, and against harmful gases and odours, thanks to increased absorption of a wide range of molecules.”
“Through the expansion of our transmission portfolio, we are offering new filtration solutions delivering longer service intervals and optimized processability for our customers. We will continue to further expand the FiltEV® platform, also including fuel cell air intake, over the coming months,” he adds.
“We are making progress to ensure Ahlstrom-Munksjö becomes the leader of filtration solutions to the electric vehicle market,” said Daniele Borlatto, Executive Vice President, Filtration & Performance Solutions. “Launching new filtration solutions, with added customer benefits for cabin air and transmission, reinforces our strategic commitment to this market.”
Electricity is the fastest growing source of energy and clearly the fuel of the future. It is estimated that only-electric vehicles will represent 25% of light vehicles production in 2030.
The addressable annual market opportunity for filtration media used in electric vehicles is expected to grow at around 35% per year up until 2030, reaching approximately EUR 100 million.