SunPine to invest SEK 250 million in new plant
By P&PC Staff
By P&PC Staff
Apr. 13, 2018 – SunPine is investing SEK 250 million in a new production plant adjacent to the company’s existing plant at Haraholmen in Piteå, which is expected to increase tall diesel production capacity by 50 per cent.
From raw tall oil – a residual product from paper mills – the company extracts primarily tall diesel, a biofuel with low carbon dioxide emissions and low energy consumption during its production and life cycle, describes SunPine.
“The market for our sustainable tall diesel fuel is growing, and we want assume responsibility for the Swedish shift to renewable fuels,” SunPine CEO Magnus Edin said. “We have reached a point where we can confidently take the next step in our journey. We are already a world-leading sustainable bio-refinery, with a portfolio of green products that meet strong demand in the market. Our environmental permit application will be submitted in the spring, after which the procurement of equipment and services will begin.”
The new plant is expected to start production in 2020.
“Given the right conditions, SunPine could meet 14 per cent of all renewable diesel requirements in Sweden by 2030. It would be a fantastic accomplishment if Sweden could achieve this and become that role model. I am convinced that the sustainably managed Swedish forests could account for a significant share of Sweden’s renewable fuel needs,” said Edin.