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UPM Leuna biorefinery

NIB finances UPM’s next-generation biorefinery in Germany

1 min read

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil resources. The loan co-finances UPM’s EUR 550 million investment in an industrial scale biorefinery that opens biochemicals markets for UPM with large growth potential for the future. The UPM Leuna biorefinery will produce a range of 100% wood-based biochemicals, which offer renewable and sustainable alternatives in various consumer-driven end-uses. These alternatives are at the core of innovating a…

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NIB finances UPM’s next-generation biorefinery in Germany

1 min read

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil resources. The loan co-finances UPM’s EUR 550 million investment in an industrial scale…