UPM has opened a new CHP plant in Germany, bringing the company closer to meeting its target to decrease its CO2 emissions by 65% by 2030.
UPM is committed to meeting the targets of the 2015 Paris Agreement well in advance, through practicing climate-positive forestry, innovating novel products and taking actions such as investing in renewable and efficient energy solutions to power its own sites, while taking part in the transformation of energy systems in Europe.
The €100m investment at its Nordland Papier mill is a major step in that journey – it will reduce CO2 emissions by 300,000 tonnes per year, power the facility and feed surplus power back into the electricity grid, contributing to Germany’s energy security.
“In the current energy crisis, coupled with the increasing need for carbon reductions, it is vital that we invest and innovate to become more efficient,” said Winfried Schaur, Executive Vice President, Technology and UPM Biorefining. “The power plant will increase the sustainability of our paper production while contributing flexible support to the German energy system.”