Stora Enso to boost green energy generation at Maxau Mill
Investment volume of 25 million EUR
Stora Enso wants to secure the long-term profitable energy production in Maxau Mill by increased electricity generation and higher efficiency. The new 57 MW extraction-condensing turbine complements the existing Combined Heat and Power (CHP) plant which started up in 2010. The investment will reduce the energy cost and secure long term cost competitiveness of the paper mill. Once installed, the payback time will be around four years.
The investment contributes to Stora Enso’s carbon neutral roadmap and science-based targets through higher share of biomass and higher efficiency ( >50 000t CO2 savings per year). The closed loop cooling system will relieve the Rhine River significantly by less thermal output and considerably lower river water extraction.
“We are happy to announce this important investment which underpins our long-term commitment to serve our customers with high-quality paper products from cost-efficient and sustainable operations. It also highlights our ambition to replace fossil-based materials and to contribute to a greener economy,” says Kati ter Horst, EVP Head of Paper Division.
Other news from the department business & finance
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.