|
BNS - The wood processing group Stora Enso is going to invest 10 million euros in starting pellet production at its Imavere sawmill in central Estonia.
The construction of the plant will begin in the fourth quarter and the project is expected to be completed in the fourth quarter of 2011, the company said.
"This investment is part of our strategy to grow in solid biofuels with the aim of becoming the leading integrated supplier of pellets in northern Europe. With this investment we are targeting industrial and residential customers through our already established distribution and marketing channels, for example in Sweden, which is the largest pellet market in Europe. Imavere is also very well located to start serving the pellet market in southern Finland," Stora Enso Wood Products head Hannu
Kasurinen said.
The annual capacity of the plant will be 100,000 tons of pellets. The pellet production will be fully self-sufficient in raw material and will utilize by-products from the sawmill and further processing.
The annual capacity of the Imavere sawmill is 400,000 cubic meters of sawnwood, joinery components and glue-laminated beams. Stora Enso Wood Products already produces pellets at four sites in Sweden and Russia with total annual capacity 310,000 tons.
|
