Borregaard will invest in project aimed at increasing the use of bioenergy

Borregaard has decided to invest Euro 15.4 million in a project aimed at increasing the use of bioenergy from production residuals at the Sarpsborg site in Norway.

When completed in 2021, the bioenergy produced as a result of this project will be approximately 20 GWh per year, representing a reduction of CO2 emissions of 1,200 tonnes. Longer term there is a potential to increase production to 34 GWh per year, and a corresponding reduction of 1,400 tonnes CO2 emissions.

Enova SF, a state enterprise under the Norwegian Ministry of Climate and Environment, has decided to support the project by a grant of NOK 46.2 million ($5.4 million), thus reducing Borregaard’s project cost to a net amount of NOK 85 million ($10 million).

Borregaard owns one of the world’s most advanced and sustainable biorefineries. Borregaard produces advanced and eco-friendly biochemicals.