NIB finances integrated wood pellet and bioenergy plant

The Nordic Investment Bank (NIB) has signed a seven-year loan agreement of NOK 300 million (approx. EUR 26 million) with Moelven Industrier ASA. The loan will finance a new integrated wood pellet and bioenergy plant, replacement of driers, and upgrade of digital solutions.

The loan will finance Moelven Industrier’s new wood pellet and bioenergy plant in Karlskoga, Sweden, which will be integrated into the existing sawmill infrastructure at Valåsen.

The new plant, set to be operational by the end of 2024, will produce 80,000 tonnes of pellets annually. To support this, a third 12 MW solid biofuel boiler will be installed, using wood by-products to meet the thermal energy demand of 56 GWh for the pellet factory, thereby also contributing towards meeting the total energy demand at Valåsen. Thus, the project will enhance Moelven Industrier’s sawmill capacities and meet the growing demand for bio-based energy.

Moreover, continued efforts into replacing outdated driers at Moelven’s sawmills will support capacity expansions, improve safeguards, and increase energy efficiency at production facilities.

Additionally, investing in a cloud-based enterprise resource planning (ERP) system will accelerate the company’s digitalisation efforts and support daily operations, enabling Moelven to deliver more streamlined processes, achieve operational efficiencies and remain internationally competitive.

Established in 1899, Moelven Industrier ASA is one of the largest producers of sawn timber and wood-based building materials in the Nordics. The company’s main shareholders comprise Norwegian forest owner cooperatives Glommen Mjøsen Skog SA (66.9%) and Viken Skog SA (32.8%).

NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden. The Bank finances private and public projects in and outside the member countries. NIB has the highest possible credit rating, AAA/Aaa, with the leading rating agencies Standard & Poor’s and Moody’s. Read more at www.nib.int

For further information, please contact
Daniel Kangasmaa, Senior Banker, at +358 10 618 0304, Daniel.Kangasmaa@nib.int

Iiris Anttalainen, Communications, at +358 10 618 0258, Iiris.Anttalainen@nib.int