Finland's Stora eyes billion-euro investment in plastic-free packaging

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Finland's Stora Enso is considering an investment of up to 1 billion euros ($1.13 billion) to produce more consumer packaging board as customers increasingly seek renewable materials over plastic, the forestry company said on Wednesday.

To meet the growing demand, Stora Enso is exploring the possibility of converting an idle paper machine at its Oulu site in Finland into a line to produce renewable consumer packaging board.The plan would involve an investment worth 900 million to 1 billion euros spanning 2023-2026, it said.

Once a feasibility study is completed, Kasurinen said a final investment decision could be taken in the fourth quarter with start-up in 2025.

 

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