Stockholm, Sweden, 20 May 2010 -- (BUSINESS WIRE) -- The board of Holmen has decided to invest in a new soda boiler and turbine at the Iggesund mill. The investment will total SEK 2.3 billion and also covers equipment for capturing and incinerating weak, sulphur-containing gases. This equipment will further contribute to reducing the mill’s air emissionsr.
 
“The investment means an increase in energy efficiency and the opportunity for Iggesund Mill to become self-sufficient in terms of electricity, which is crucial to its profitability and competitiveness,” said Magnus Hall, Holmen’s president and CEO .

The new soda boiler and turbine will increase the capacity of the mill to produce its own electricity from today’s 210 GWh to 520 GWh, and will allow annual pulp production to be increased gradually, from 355,000 metric tons to 420,000 metric tons. The investment will provide the conditions for running the operation without using any fossil fuels or purchasing electricity externally.

The construction period is estimated at two years and will involve employing 1000 people.