Pöyry awarded Environmental Impact Assessment assignment for KaiCell Fibers' biorefinery in Paltamo, Finland

Zeitungsständer (Symbolbild). © Global_Pics / iStock Unreleased / Getty Images

PÖYRY PLC Press Release 26 September 2017 at 9:00 am (EEST)

Pöyry has been awarded with an assignment from KaiCell Fibers Ltd for the Environmental Impact Assessment (EIA) of the company's biorefinery planned for Paltamo, Kainuu province in North East Finland. The scope of the assignment covers the EIA, which will pave the way for the biorefinery's permit processes, also included in the assignment.

Located in Paltamo, KaiCell Fibers is a biorefinery project which aims to process fibre-wood from the Kainuu area for use in new and existing bioproducts. The project brings together strong expertise from various parts of forest-based bioeconomy.

"These are logical steps that take us further towards the final investment decision. We are delighted to intensify our cooperation with Pöyry, the world's leading forest industry expert. With their help we will make KaiCell a responsible player processing Finnish fibre-wood. We have a solid network of partners in bioeconomy and forest industry and are proceeding with our project as planned," says Jukka Kantola, CEO of KaiCell.

"KaiCell Fibers' biorefinery project is a great example of the new business opportunities in bioeconomy. We are pleased to support the project with our global pulp technology and biorefining expertise as well as local EIA competence. Our capabilities in digital solutions and Health & Safety will enable modern, top-class industrial sites for our clients," says Johan Ehrnrooth, Head of Pulp & Paper at Pöyry.

The value of the order is not disclosed. The order will be recognised within the Industry Business Group order stock in H2/2017.

PÖYRY PLC

More information:

Nicholas Oksanen

President, Industry Business Group

Tel. +358 10 33 22294

Johan Ehrnrooth

Head of Pulp & Paper Competence Line

Tel. +358 40 5659523

Did you know? Pöyry has been delivering bioindustry solutions for 60 years.

www.poyry.com/services/smart-solutions/bioindustry

About Pöyry

Pöyry is an international consulting and engineering company. We deliver smart solutions across power generation, transmission & distribution, forest industry, chemicals & biorefining, mining & metals, transportation and water. Pöyry's net sales in 2016 were EUR 530 million. The company's shares are quoted on Nasdaq Helsinki (POY1V). Approximately 5500 experts. 40 countries. 130 offices.

www.poyry.com

This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Pöyry Oyj via Globenewswire

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