Bioproduct mill project
Metsä Fibre, a part of Metsä Group, commences pre-engineering project to build a new bioproduct mill in Kemi, Finland. If implemented in full, the total value of the investment would amount to EUR 1.5 billion.
The Kemi bioproduct mill would directly employ approximately 250 people and, in its entire direct value chain, roughly 2,500 people in total. There is an increase of 1,500 people compared to the current situation. The employment impact in the construction phase would be almost 10,000 person-years of which over half in Kemi.
The annual pulpwood consumption of the new Kemi bioproduct mill would be approximately 7.6 million cubic meters, which is roughly 4.5 million cubic meters more compared to the consumption of the current mill. The aim is to source the pulpwood for the mill from Finland. The bioproduct mill would be the world top regarding to productional, environmental and energy efficiency. The mill would not use any fossil fuels at all and its self-sufficiency in electricity is 250%.
The pre-engineering project includes pre-engineering, environmental impact assessment (EIA), environmental permit process and for example the equipment contracts. Pre-engineering project takes approximately a year or until summer 2020. It will be followed by an investment decision, after which the construction of the mill would begin immediately in Kemi, Finland. The investment decision will be made at the earliest in the summer of 2020 and the new mill would be started in the first half of the 2020s.