SunPine to invest SEK 250 million in new plant
SunPine is investing SEK 250 million in a new production plant. “The market for our sustainable tall diesel fuel is growing, and we want assume responsibility for the Swedish shift to renewable fuels,” says Magnus Edin, SunPine CEO.
The owners of SunPine have decided to invest in a completely new facility adjacent to the company’s existing plant at Haraholmen in Piteå. Capacity will be increased by 50 per cent.
Magnus Edin, SunPine CEO, had the following comments:
“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. Therefore, we have now decided to invest SEK 250 million to increase our tall diesel fuel capacity by 50 per cent, potentially creating up to 20 new jobs right away and significantly more resulting from all the services we will need to procure. Our environmental permit application will be submitted in the spring, after which the procurement of equipment and services will begin. Our ambition is to commence production at the new plant in 2020.”
The main aim is to increase tall diesel production capacity, which – as Sweden’s only diesel fuel carrying the Nordic Eco-label – is supplied to consumers via Preem.
“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,” says Edin.
Working proactively to develop and grow its operation is part of SunPine’s endeavour to participate in the switch to a green economy for society at large.
“By definition, SunPine’s products are sustainable – this is the very essence of our business concept: SunPine’s process and employees seek to be world leaders in the production of environmentally compatible products based on sustainable forestry. We are more than just a world-class bio-refinery. We are actually reformers who deliver real climate benefits. And in 2017, our deliveries of these broke all records,” concludes Edin.
SunPine is a world leader in the production of second-generation renewable fuels. The raw material is a by-product from pulp and paper manufacturing. Raw tall diesel from SunPine is mixed with Preem’s Evolution Diesel. SunPine is owned by Kiram, Preem, Sveaskog, Södra and Lawter.
For further information, please contact:
Magnus Edin, CEO, SunPine
+46 703 20 24 69
Ronny Olovsson, Head of Communication, SunPine AB
+46 70 554 32 13