Arctic Paper to invest $26.7M in expansion and upgrade of biofuel facility in Grycksbo

In Sweden, Arctic Paper has decided to invest SEK 285 million in the expansion and upgrade of the biofuel installation at the mill in Grycksbo. The investment provides annual energy cost savings of SEK 50 million. In addition to electricity and steam, the installation will annually produce 50 kton of wood pellets at an estimated value of approximately SEK 100 million to be sold on the market. 

The main biofuels used will be sawdust and wood chips, but the modernized boiler is flexible and other biofuels can be used. The investment will be financed by bank loans and equity and is expected to be completed during the first half of 2025.