Metsä Group invests in giant bio plant

Metsä Group is planning the largest-ever investment in the Finnish forest industry.

Metsä Group, will invest 1,1 billion euros in the facility, to be located at an existing mill area in Aeaenekoski. It’s due to start up in 2017 and will produce 1,3 million tons of pulp a year.

The new mill will be the world's first next-generation bio-product mill that can convert wood raw material into a diverse range of products. In addition to high-quality pulp, the mill will produce bio-energy and various bio-materials in a resource-efficient way.

A unique bio-economy ecosystem of companies will be built around pulp production, according to Metsä Group.

“The global increase in the demand for high-quality softwood pulp is the most important driver for the investment,” Chief Executive Officer Kari Jordan said in the statement.