Paper power
The power plant will provide electricity for the Ostrołęka Mill complex, which comprises a pulp and paper mill, a corrugated board and boxes mill and a sack mill.
"This investment supports Stora Enso's strategy of maintaining profitable growth in the rapidly growing CEE market, especially in the corrugated packaging business in Poland and Russia. The new power plant will provide a competitive power supply meeting Stora Enso's long-term needs," Veli-Jussi Potka, executive vice president of Stora Enso, said in a statement.
According to the company, the new power plant will be able to use multiple fuels, and will improve Ostrołęka Mill's energy efficiency and self-sufficiency. In turn, this will reduce CO2 emissions.
The Ostrołęka Mill currently purchases its energy from a state-owned plant nearby, which was built a few years after the war. "State-owned companies do not feel market pressure, as we do," said Maria Rochowicz, PR manager for Stora Enso. "In order to cut costs and secure our future development, we have decided to build a plant to supply our energy needs. In the long run we will be able to offer a much more competitive product."
Stora Enso operates in more than 40 countries and employs 34,000 people. It has been in Poland since December 2004 with plants in Tychy, Mosina and Łódź. The firm's consolidated Q3 operating profit amounted to €126 (zł.452) million on sales revenues of €2.72 (zł.9.74) billion, marking y/y drops of 5.4 and 36.7 percent, respectively.
