Statkraft and Södra to collaborate on biofuels from forest raw materials

In Norway, Statkraft and Södra have signed a letter of intent to create a company with the aim of establishing production of biofuel based on forest raw material in the future. The agreement means that Statkraft will acquire Södra Cell Tofte AS, which owns the industrial site of the former Tofte pulp plant in Hurum, Norway.

The letter of intent means that Statkraft will take over all of the shares in Södra Cell Tofte AS and that Södra and Statkraft will form a new biofuel company in which Södra will own a 49 per cent share and Statkraft a 51 per cent share.