Stora Enso Expanding Production of Wood Pellets with EUR 10 Million Project

Sept. 30, 2010 - Stora Enso said that it is investing EUR 10 million in a project to produce wood pellets at its Imavere sawmill in Estonia.

The project will begin in the fourth quarter of 2010, with completion expected in the fourth quarter of 2011.

“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," said Hannu Kasurinen, EVP, Stora Enso Wood Products.

"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,” Kasurinen said.

The annual capacity of the plant will be 100,000 tonnes of pellets. The pellet production will be fully self-sufficient in raw material and will utilise by-products from the sawmill and further processing operations.

The annual capacity of Imavere Sawmill is 400,000 m3 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 tonnes.

SOURCE: Stora Enso