http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/11-01-2006/0004464613&EDATE= HELSINKI, Finland, November 1 /PRNewswire/ -- UPM will strongly
increase its stake in second generation bio-diesel in the next few years
and prepares to become a significant producer of bio-fuels. Currently, UPM
is developing the business concept and the respective technical solutions.
Decisions to invest in the first commercial scale production plant can be
expected within the next few years, rather sooner than later. The plant
will be located adjacent to one of UPM's paper mill sites in Finland,
France, Germany or UK.
"Investments in development of concepts and plants will be significant.
The production of bio-fuel is a good fit for UPM since its core business is
to add value to the wood raw material. Our aim is to maximise the gain from
the biomass-based raw material," states Jussi Pesonen, President and CEO.
"The importance of renewable fuels is increasing, and we consider this an
opportunity to further utilise our existing value chain and be part of the
future development."
The main raw material used in bio-diesel production will be wood based
biomass. UPM is already making versatile use of the wood and uses it
efficiently in production of products and energy generation. The bio-fuel
production plant adjacent to existing UPM pulp or paper mills would further
improve the possibilities to utilise this wood raw material.
<more>
(actually this is hugh!!!1111 - first paper mill bio-refinery in the world IIRC - several are planning in Maine and elsewhere)...