High degree of self-sufficiency in electricity at low risk

SCA is Europe’s largest private forest owner; and in addition to producing wood, the company’s 2.7 million hectares of land offer considerable wind power production capacity. This provides the company with excellent opportunities to produce renewable electricity with land-based wind power. More than 20 per cent of Sweden’s installed wind power is currently on SCA land in northern Sweden.

By investing in its own wind power capacity, SCA is striving to become fully self-sufficient in electricity. In order to achieve a high degree of self-sufficiency at the lowest possible risk, the company has actively chosen not to enter into so-called Power Purchase Agreements (PPA).

“We want to be able to produce renewable electricity and have a high degree of self-sufficiency to meet our own needs. We want to do this at low risk and have therefore waived PPA, for example regarding production at Skogberget,” says Mikael Källgren, President Renewable Energy at SCA.
more at: https://www.sca.com/en/media/news/2023/high-degree-of-self-sufficiency-in-electricity-at-low-risk/

Related Posts

Huhtamaki expands paper-based packaging capacity at its factory in Nules, Spain

Huhtamaki, a key global advanced manufacturer of sustainable packaging solutions, today inaugurates its extension to its existing paper-based packaging manufacturing site in Nules, Spain. This latest investment reflects the growing demand from for renewable and recyclable paper-based packaging to substitute rigid plastics. The Nules factory is a Huhtamaki Global Center of Excellence, developing innovative, sustainable packaging solutions for its customers across Europe. The extension of 12 500 m2 and has been built to the globally recognized BREEAM1 sustainability standards. This is in line with Huhtamaki’s 2030 Sustainability Ambitions, including the use of 100% renewable electricity, which is on track with a Virtual Power Purchase Agreement covering approximately 80% of Huhtamaki’s current electricity usage in Europe signed in December 2021. Thanks to the installation of an advanced HVAC (Heating, Ventilation and Air Conditioning) system with air quality, temperature and humidity control, the plant also meets high thermal comfort standards for its employees.

Huhtamäki Oyj’s Results January 1–December 31, 2020: Solid performance despite COVID-19 pandemic

Q4 2020 in brief • Net sales decreased 7% to EUR 813 million (EUR 875 million) • Comparable net sales growth was -2% at Group level and -7% in emerging markets • The impact of currency movements was EUR -52 million on the Group’s net sales and EUR -5 million on EBIT. Q1-Q4 2020 in brief • Net sales decreased 3% to EUR 3,302 million (EUR 3,399 million) • Comparable net sales growth was -2% at Group level and -6% in emerging markets • The impact of currency movements was EUR -89 million on the Group’s net sales and EUR -8 million on EBIT • Capital expenditure was EUR 223 million (EUR 204 million) • Free cash flow was EUR 207 million (EUR 226 million)

Smurfit Kappa, one of the world’s leading paper-based packaging firms, has acquired the Russian corrugated packaging company, Soyuz, reinforcing its position in the region.

Soyuz, based in Moscow, produces corrugated packaging for a range of sectors and has approximately 300 employees. Smurfit Kappa already has three plants in Saint Petersburg, Russia producing paper-based and Bag-in-Box® products for customers across Europe. This acquisition enables Smurfit Kappa to further strengthen its position in Russia and broaden its offering to its multinational and local customers. The acquisition also establishes Smurfit Kappa as the leading international corrugated packaging supplier in Russia. Click Read More below for additional detail.
Back To Top
×Close search
Search