STORA ENSO OYJ INVESTOR NEWS 19 July
2019 at 9.29 EEST
HELSINKI, July 19, 2019 /PRNewswire/ -- Stora Enso is
investing EUR 10 million to build a
pilot facility for producing bio-based carbon materials based on
lignin. Wood-based carbon can be utilised as a crucial component in
batteries typically used in consumer electronics, the automotive
industry and large-scale energy storage systems. The pilot plant
will be located at Stora Enso's Sunila Mill in Finland.
The investment in making carbon materials for energy storage
further strengthens Stora Enso's opportunities to replace
fossil-based and mined raw materials as well as to connect
sustainable materials to ongoing technology innovations.
Lignin is one of the main building blocks of a tree. Today, the
lignin produced at Sunila Mill, Lineo™ by Stora Enso, is used, for
example, to replace fossil-based components in phenols for
adhesives. With the new investment, Stora Enso will pilot the
processing of lignin into a carbon intermediate for electrode
materials. This lignin will be converted into so called hard carbon
anode materials for lithium-ion batteries with properties similar
to graphite. Such batteries are used daily in mobile phones and
similar portable devices, power tools, electric vehicles, in
industrial applications, in stationary energy storage and grid
units, and so on.
"This investment is another step on our transformation journey
to explore new ways to replace fossil-based, scarce and high-cost
materials with renewable alternatives. Using wood-based lignin for
technical carbon material offers an exciting opportunity. With the
pilot facility we will continue to build on our long-term work in
extracting lignin from biomass to create more value from it. We
will target the rapidly growing battery market in which companies
are looking for high-quality, attractively priced and sustainable
materials," says Markus Mannström, Executive Vice President
of Stora Enso's Biomaterials division.
The construction of the pilot facility will begin before the end
of 2019 and is estimated to be complete by early 2021. Decisions
about commercialisation will follow after evaluating the results of
the pilot-scale production.
Stora Enso has been producing lignin industrially at its Sunila
Mill in Finland since 2015. The
mill's annual production capacity is 50 000 tonnes making Stora
Enso the largest kraft lignin producer in the world.
For further information, please contact:
Ingrid Peura
SVP Communications
Biomaterials
tel. +358-50-307-0026
Investor enquiries:
Ulla
Paajanen
SVP, Investor Relations
tel. +358-40-763-8767
Part of the bioeconomy, Stora Enso is a leading global provider
of renewable solutions in packaging, biomaterials, wooden
constructions and paper. We believe that everything that is made
from fossil-based materials today can be made from a tree tomorrow.
Stora Enso has some 26 000 employees in over 30 countries. Our
sales in 2018 were EUR 10.5 billion.
Stora Enso shares are listed on Nasdaq Helsinki (STEAV, STERV) and
Nasdaq Stockholm (STE A, STE R). In addition, the shares are traded
in the USA as ADRs (SEOAY).
storaenso.com
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