Rottneros is investing in renewable energy

The Board of Directors of Rottneros has decided to invest a total of approximately 86 MSEK in renewable electricity at Rottneros Mill. The investments include a solar park and a battery storage and are part of a long-term strategy to reduce the groups exposure to the electricity market. The start-up is planned for 2024.

The solar park is expected to generate over 3 GWh annually, which can be compared to the company’s annual purchased electricity demand of around 220 GWh. The purpose of the battery storage is primarily to contribute to an improved balance on the electricity market, which also generates revenue from Svenska Kraftnät and thus a favourable return on investment.

With a clear focus on sustainability, these energy investments are well suited to achieve favourable bank financing. Initial contacts with the banks have been made and the results will be announced.

“The investments are important because they represent the first steps in our long-term and targeted work to reduce the company’s exposure to the volatile electricity market while contributing to increasing the share of renewable electricity in society,” says Lennart Eberleh, CEO of Rottneros
https://www.rottneros.com/press/press-releases/

Related Posts

Clearwater Paper Reports Fourth Quarter and Year End 2022 Results

2022 FOURTH QUARTER HIGHLIGHTS *Operational and weather-related issues impacted paperboard operations *Completed planned major maintenance at the Lewiston, Idaho facility *Net loss of $6 million, or $0.34 per diluted share and Adjusted EBITDA of $28 million *Net sales of $527 million, up 8% compared to the fourth quarter of 2021. 2022 FULL YEAR HIGHLIGHTS *Delivered strong performance due to robust demand for paperboard products *Net income of $46 million *Net sales of $2.1 billion, up 17% compared to 2021 due to higher pricing and stronger tissue volumes *Net debt reduction of $108 million in the year, $377 million since 2020

Kotkamills Group Oyj to conduct pre-feasibility study for paper machine investment

In order to prepare Kotkamills Absorbex Oy, a subsidiary of Kotkamills Oy and the leading global supplier of Laminating Papers, to meet the increasing demand, as well as to replace the discontinuing production volume of Paper Machine 7 in Tainionkoski, Imatra (Stock Exchange release on the 3rd of July 2017), Kotkamills Oy has started the pre-feasibility study of a new Paper Machine 3 (PM 3) in Kotka. The final decision of this possible investment will be done by the end of year 2018. The capacity, cost estimation and start-up timing of the the PM 3 will be published later on subject to the positive investment decision. After the possible start-up of the PM 3, Kotkamills Oy is maximizing the integration advantages of the Kotka site. In addition to the efficient investment cost of PM 3 to the already available infrastructure, the energy and fixed costs per produced volumes of the whole integrated site would be lower than today. The possible investment would have a positive impact on the profitability of Kotkamills Group. Click Read More below for additional information.

Metsä Group intensifies its research and development activity

Metsä Group is expanding the operations of its innovation company Metsä Spring that was established in June 2018. So far, Metsä Spring has been mainly involved in development activities outside the current business areas of Metsä Group. From now on, it will also support research and development related to Metsä Group’s current business areas. Research and development cooperation will be increased both within Metsä Group and with different research institutions and stakeholders. A wider innovation ecosystem plays a central role in the Metsä Group model. With this change, the company aims to strengthen its position even further in different networks and carry out research and development cooperation actively with various partners. “Metsä Group has to be able to continuously renew itself. We improve Metsä Group’s readiness to react to a changing operating environment and be better positioned in the forefront of development. We must find new development areas that promote sustainable bioeconomy. At the same time, we must be able to develop our current products so that they can be used for a wider range of end uses,” says Ilkka Hämälä, President and CEO of Metsä Group.
Back To Top
×Close search
Search