(February 11, 2021, Helsinki, Finland) Fenlin Metsä Fibre, a subsidiary of Fenlin Group, has decided to invest 1.6 billion euros to build a new biological product factory in Kemi, Finland. This project will become the Finnish forest industry’s historical presence in Finland. The largest investment project built within the country. The construction period of the project is about two and a half years, and the factory will be put into operation in the third quarter of 2023. Fenlin Group is currently building the world's most advanced sawn timber factory in Rauma, Finland. Together with the investment of Kemi Biological Products Factory, Fenlin Group will strongly consolidate and improve its value chain in the forest industry, and better The land meets the needs of private forest land shareholders and customers, and will more effectively deal with the challenges brought about by climate change.  "The status and role of Finnish forests in various fields of ecology, economy and society is of paramount importance in our development strategy. We are committed to continuously improving the management methods of commercial forest land, protecting the biodiversity of forests, and improving forests’ ability to cope with climate change. Active role in change. Finnlin Group’s strategic goals include increasing the value of Finnish forests, achieving profitable business growth with customers, increasing the production of long-term carbon-fixing wood products, and replacing fossil-based products with renewable wood-based products. The production and utilization of renewable energy to replace fossil energy. The implementation of Kemi and Rauma investment projects is a concrete manifestation of our above-mentioned development strategy." He Yikai, President and CEO of Finlay Group, introduced. The 7.6 million cubic meters of wood required by the Kemi biomass plant will come from sustainably managed forests, and the wood will be 100% traceable. Finlay Group’s shareholders are the vast private forest owners in Finland, which will provide a solid guarantee for the source of timber for the Kemi factory. After Kemi's new biological products plant is put into operation, it will produce 1.5 million tons of coniferous and hardwood pulp, as well as a variety of biomass products. At the same time, the factory will achieve a power supply of 2 terawatt hours, which is equivalent to 2.5% of Finland’s current electricity production capacity. After the new plant is completed and put into operation, the existing 620,000-ton pulp production line on the site will stop production and be dismantled. "The global market's demand for northern bleached softwood pulp will continue to grow. Kemi's new material plant will strongly strengthen the long-term partnership between Finlay Mesquite and its customers to jointly achieve the goal of business growth. At the same time, just like the start of production in 2017 Like the Aenekoski factory, the Kemi factory will become the industry’s leading global benchmark in terms of environmental protection, efficient use of energy and materials. The factory will completely realize the use of no fossil fuels, and will supply renewable electricity, Wood-based fuel and thermal energy." said Nuo Yi, CEO of Finlay Messbrach. Kemi Biological Products Factory will adopt the most advanced technology and equipment in the industry today. Although the factory's production capacity will greatly exceed the current output, the new biological product factory will achieve lower emissions than the existing factory environmental permits set standards. In the process of project engineering design, minimizing the environmental impact of factory construction and production process is one of the core goals of the project. The National Administration of the Northern Region of Finland officially issued the environmental and water supply permits for the Kemi project in December 2020.
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