FINNPULP OY plans a major green field softwood pulp mill investment to Kuopio

Finnpulp oy plans to construct a green field softwood pulp mill in Kuopio, Finland. The company is owned by finnish private persons with strong background in forest industry. The goal is to introduce a new independent player to the global pulp market, which will operate the most modern and efficient softwood pulp mill. The budget of the project is 1.4 billion euros.

Production capacity of the planned softwood mill will be 1.1 million tons of softwood NBSKP pulp , 60 000 tons of crude tall oil and 0.8 TWh bioelectricity to the national grid. The produced bioelectricity equals to 1% of the annual electricity consumption in Finland. Finnpulp`s business idea is to utilize the positive development of softwood pulp market while the capacity in Finnish pulp production is becoming older.

Finnpulp’s strategy is based on the growing global demand for softwood pulp. Finland’s underutilized commercial forest resources offer an excellent raw material base for a giant investment like Finnpulp’s project. Based on annual sustainable harvest possibilities, forest resources are known to be sufficient for all current NBSKP pulp mills and announced capacity expansion plans in Finland.

Finland offers an ideal operation environment for the investment. Country’s forest industry cluster and technology know-how are world leading. Kuopio, a city in middle of Finnish softwood resources, has been chosen as the site location for the new mill.

Finnpulp’s project has been under development since 2012. The company was founded in 2013. Feasibility study of the project was completed in February 2014. Finnpulp’s goal is to start the environmental impact assessment during spring 2015, after which the company can apply for an environmental permit. After this, the project will be further developed to enable the final investment decision.

Financial negotiations are ongoing with several domestic and international investors. Environmental issues are on the highest priority in Finnpulp’s agenda both during the investment and production phases. The mill will be carbon neutral and fulfill all the latest standards of European legislation.

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