SEATTLE (Scrap Monster): Stora Enso announced fresh investments at its facilities, aimed at improving the competitiveness and sustainability performance.
According to company press release, it has decided to invest EUR 21 million towards improvement of competitiveness and environmental performance of the Anjala-Ingerois production sites. The investment aims to reduce emission at the site and to ensure the flexible use of different fuel mixtures in heat production. The work is expected to commence during the second quarter of 2021 and complete in Q3 2023.
Also, Stora Enso announced investment of EUR 26 million towards modernizing the pulp production process at Nymolla site. This will make pulp production process more competitive and sustainable. The investment is expected to boost the site’s softwood pulp production capacity from 220,000 tonnes to 245,000 tonnes per annum. The work is expected to start in Q2 this year and complete in Q3 next year.
Commenting on the investment, Kati ter Horst, Executive Vice President, Paper division at Stora Enso said that the investments will not only improve the competitiveness of both sites, but also contribute significantly to its sustainability performance.
Stora Enso’s Anjala paper- and Ingerois board production sites employs 300 and 200 people respectively, whereas the Nymolla site employs approximately 500 people.