Stora Enso will invest EUR 94 million to grow in renewable materials and to increase competitiveness in consumer board and biomaterials. EUR 52 million will be invested to increase the dissolving pulp production capacity at Enocell Mill and EUR 42 million to enhance the availability of the chemi-thermomechanical pulp (CTMP) at Imatra Mills. Both mills are located in Finland. Enocell Mill, part of the Biomaterials division, will be converted to focus entirely on production of dissolving pulp. The softwood pulp production will be gradually discontinued after the investment. The mill will have a total capacity of 430 000 tonnes dissolving pulp annually, whereof 185 000 tonnes hardwood and 245 000 tonnes softwood dissolving pulp. The investment is scheduled to be completed during the second half of 2019. It is expected to exceed the Biomaterials division’s profitability target, operational return on operating capital (ROOC) of 15%, and to have a positive impact on sales. The investment at Imatra Mills, part of the Consumer Board division, includes a new CTMP drying and re-pulping plant as well as extension of the pulp warehouse. This aims to enhance the availability of CTMP and to drive the commercialisation of micro-fibrillated cellulose (MFC). Due to its high strength and 100% renewable raw materials, MFC is designed to outperform fossil-based materials, such as plastics, in a variety of applications. The project is scheduled to be completed in the first half of 2019. The investment is expected to exceed the Consumer Board division’s profitability target, operational return on operating capital (ROOC) of 20%, and to have a marginal impact on sales. Click Read More below for additional information.
The Home Depot® has been highlighted as a global leader on corporate climate action and continues to pursue its sustainability goals with new renewable energy initiatives in 2019.
CDP, an environmental impact non-profit, has named The Home Depot to its Climate Change “A” List for its actions to cut carbon emissions and mitigate climate risks.
Every year, thousands of companies disclose data about their environmental impacts to CDP for independent assessment and receive scores of A to D- for how effectively they are tackling climate change.
New to The Home Depot’s CDP report this year is its commitment to a Science Based Target for scope 1 and 2 emissions with reduction goals. The company is aiming for a 40% reduction in carbon emissions by 2030 and a 50% reduction by 2035.
“Managing carbon emissions has been a focus for Home Depot for more than 10 years,” says Ron Jarvis, vice president of environmental innovation. “Our dual strategy to reduce our total energy use and create a cleaner energy portfolio has helped us to reduce our absolute carbon emissions by over 3 million metric tons since 2009.”
As a part of its overall renewable energy strategy, The Home Depot is working to procure 135 megawatts of energy from various alternative sources by the end of 2020. To make additional progress toward its goal, The Home Depot is announcing major investments in wind and solar for 2019.
more detail at: http://ir.homedepot.com/news-releases/2019/02-13-2019-130130173