Leaders in their industries
Stora Enso is an integrated forest products company that produces newsprint, magazine paper, fine paper, consumer board, industrial packaging, and wood products. The company has an annual production capacity of 13.1 million tonnes of paper and board and 7.5 million cubic metres of sawn goods, and has plants in Europe, Latin America, and Asia, supplying publishers, printing houses, paper merchants, and the packaging, joinery, and construction industries.
With a focus on low-emission, high-quality traffic fuels, Neste is committed to growing both its oil refining and premium-quality renewable diesel businesses. The company’s refineries at Porvoo and Naantali have a combined crude oil refining capacity of some 260,000 barrels a day. One plant based on the company’s NExBTL technology is already producing advanced renewable diesel – which offers greater effcieincy and a lower level of environmental impact than either fossil diesel or FAME-type biodiesel – and another three are building: in Finland, the Netherlands, and Singapore.
A sustainable resource
The world’s growing demand for biofuels is being driven by a mix of factors, such as climate change, ambitious regulatory targets, uncertainties surrounding the future price and availability of oil, and a desire for increased energy self-sufficiency.
New-generation biofuels, such as the wood-based renewable diesel being developed by the Stora Enso-Neste Oil joint venture, have the potential to make a valuable contribution to reducing CO₂ emissions, by replacing fossil fuels with a carbon-neutral alternative. As a non-food resource, forest residues are also not compromised by the issues involved in current biofuel raw materials, which are all part of the food chain and have the potential to impact food supply and food prices.
The use of forest residues also offers a number of synergy benefits with existing wood material flows and can improve the overall efficiency and economics of the forest products sector.