MetsÃ¤liitto and Vapo are exploring the possibilities for bio-fuel
MetsÃ¤liitto Group Press release 28 May 2009
MetsÃ¤liitto Group and Vapo have initiated a joint project to explore
the possibilities for establishing a wood-based bio-fuels factory in
the Baltic Sea region.
In addition to the economic feasibility of production, the project is
also assessing different alternative locations around the Baltic rim.
Kemi and Ã„Ã¤nekoski in Finland, JÃ¶nkÃ¶ping in Sweden and Kunda in
Estonia are being investigated as potential locations. An
environmental impacts assessment process will also be initiated in
these locations. The work for finding other potential locations also
"Liquid bio-fuels are one possible line of development for new
wood-based products, and we want to take a closer look at it," says
Kari Jordan, President and CEO of the MetsÃ¤liitto Group.
MetsÃ¤liitto and Vapo are well placed to develop a bio-fuel business
based on wood and peat. The factory now being investigated would use
as its raw materials different forest-based energy, peat from drained
swamps and reed canary grass, but the utilisation of, for example,
wood-based building waste would also be possible.
The end products would be synthetic liquid and gaseous bio-fuels.
The investigation is expected to take approximately one year. If the
decision is taken after the investigation to implement the factory
investment, a separate joint venture company will be established,
owned fifty-fifty between the MetsÃ¤liitto Group and Vapo.
Hannu Anttila, Executive Vice President, Strategy, MetsÃ¤liitto Group,
tel. +358 10 465 5111
Anne-Mari AchrÃ©n, Group CCO, MetsÃ¤liitto Group, tel. +358 10 465 4541
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