Stora Enso is investing in €25m to install a new steam turbine with closed-loop cooling system and an additional biomass storage at is mill in Maxau, Germany.
The investment cost is approximately €25m and implementation of the project is scheduled to start during the third quarter of 2018 with completion in 2020.
Stora Enso wants to secure the long-term profitable energy production in Maxau Mill by increased electricity generation and higher efficiency. The new 57MW 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.
Stora Enso Paper Division executive vice president Kati ter Horst, “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.”
Source: Company Press Release