The EU carbon market forms the cornerstone of Europe’s plan to reduce its CO2 emissions by 55% until 2030, from a 1990 baseline. Final agreements on its mechanisms, published today, show that a number of ‘delegated acts’ will still be required to provide much-needed details. These delegated acts could take another two years before being published. For the EU’s industry, this spells uncertainty for achieving a highly increased target to cut 62% of its CO2 emissions by 2030.
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Smurfit Kappa has announced a €۶ million investment at its Sanguesa paper mill in Spain, which will see the construction and installation of up to 12,000 solar panels on land adjacent to the mill. The solar panels will reduce CO2 emissions by over 3200 tonnes annually and provide significant cost savings.
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Cascades, a leader in the recovery and manufacturing of green packaging and hygiene products, is pleased to announce that it has purchased a new printing press at its Piscataway, New Jersey, corrugated packaging converting facility.
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Magnus Örnberg has been recruited as the new Chief Financial Officer (CFO) of Södra. He has extensive experience in all areas of finance and most recently served as CFO of SAS.
Magnus Örnberg will take office on 1 May and become a member Södra’s Group Senior Management. Sara Cronholm will continue serving as Södra’s Interim CFO until then.
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In December 2022, the average price for wood pellets imported to European Union decreased 6% compared to the previous month at $267 per tonne. This is 51% more than a year ago when it was $177.
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Nippon Paper Industries has decided its Australian consolidated subsidiary Paper Australia Pty Ltd (“Opal”) will withdraw from the graphic paper business at the Maryvale Mill due to the recent suspension of timber harvesting in Victoria’s state forests.
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Russian plywood exports decreased by 41% to 2 million m3 in 2022. The export value fell by 39% to $1,2 billion.
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Metsä Group, through its tissue business Metsä Tissue, has made a decision to modernize and expand the Mariestad tissue paper mill in Sweden. The investment will increase the availability of locally and sustainably produced tissue products in the Scandinavian market, in which approximately 40% of tissue usage is currently imported. The value of the investment is Euro 370 million and it is one of the largest in the tissue business in Europe and the largest within Metsä Tissue. The construction works will start during spring 2023 and the renewed mill is planned to be operational in the second half of 2025.
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With the approval of the Russian authorities, Kiilto has now been able to sell all its Russian subsidiaries. After a transition period, Kiilto brands will no longer be sold in the Russian market.
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Voith has acquired shares in the sustainability start-up Yangi®, headquartered in Varberg, Sweden. Both parties signed the purchase agreement in December 2022. Yangi’s ground-breaking technology emerges from 10 years of R&D within its sister company, The Loop Factory, which focuses on the megatrends of sustainability and circular economy. As a result, the leading full-line supplier Voith is investing in new, future-oriented technologies to further drive decarbonization in the paper industry.
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Voith to convert Stora Enso’s former paper machine into board machine at Oulu site in Finland
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Stora Enso has entrusted the leading full-line supplier Voith with the conversion of a former paper machine. The machine at the northern Finnish site in Oulu previously produced coated graphic papers. After the successful conversion, the machine will produce high-quality folding boxboard and coated kraft back (CKB).
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Interfor Corporation recorded a net loss in Q4 2022 of $72.2 million, or $1.40 per share compared to net earnings of $3.5 million, or $0.06 per share in Q3 2022 and $69.7 million, or $1.15 per share in Q4 2021.
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At the end of January 2023, the Austrian Pfeifer Holding GmbH had completed the acquisition of the Finnish wood processor Pölkky Oy. Petteri Virranniemi has decided to resign as CEO of Pölkky for personal reasons.
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Leading specialty building products manufacturer Huber Engineered Woods LLC (HEW), a subsidiary of J.M. Huber Corporation, announced that, due to delays, it will no longer develop its new oriented strand board (OSB) facility in Cohasset, Minnesota, as originally intended and announced in June 2021.
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Finnish startup Fiberwood, a producer of 100% ecological wood fiber insulation and packaging materials made from mechanical wood industry side streams, has raised a late seed funding round. The round was led by Metsä Group’s innovation company Metsä Spring, and the round included public financing from Business Finland. The funding will be used to develop and scale up the production capabilities of its pilot plant as it heads into industrial-level continuous production.
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In December 2022, the exports of lumber from Sweden to the U.S. surged 105% year-on-year to 132.8 thousand m3. the average price for lumber exported from Sweden to the U.S. in December 2022 slid 4% compared to the previous month and amounted to $355 per m3. This is 7% less than a year ago when it was $382.
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Surteco, one of the world’s leading full-service providers of decorative surfaces, has signed a Unilin license agreement for roll-to-roll digital printing applications. This agreement gives Surteco access to Unilin’s expertise on digital printing that they have been researching and developing for more than 15 years by testing different inkjet technologies and chemistries around the world.
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Nippon Paper Industries, Sumitomo Corporation and Green Earth Institute (“GEI”) agreed to begin trilateral consideration of the first commercial production of cellulosic bioethanol from woody biomass in Japan and its development into bio-chemical products.
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In January 2023, the average price for lumber exported from Brazil slipped 3% compared to the previous month at $279 per m3. This is 11% less than a year ago when it was $312. The exports of lumber from Brazil slipped 1.1% year-on-year to 211.1 thousand m3 in January.
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