Arctic Paper acquires 50% of Swedish water energy firm
Paper maker Arctic Paper’s Mukedals mill has acquired 50% of Kalltorp Kraft.
Kalltorp Kraft is a water energy company running two water power stations in western Sweden with a total annual output of 5 – 5.5 GWh/year.
In a statement, Arctic Paper said that the acquisition of Kalltorp, and planned expansion of the hydro-power station at Munkedal, is in line with the strategy of Arctic Paper to decrease the dependence of purchased energy by increasing internal production.
It also said that it has a strong focus on modern and environmental-friendly energy generation. Arctic Paper’s Grycksbo mill runs a biofuel power plant and Arctic Paper’s Kostrzyn mill runs a cogeneration gas-fired power station with efficiency over 93%.
Arctic Paper’s Munkedals mill has for many years been running its own hydro-electric power station close to the mill with an annual capacity of 11 – 12 GWh. The company is also projecting an increase in output of the existing water fall with the addition of a new power station with new turbines and generators.
Garry Colyer, managing director of Arctic Paper UK said: “Arctic Paper SA is one of the leading European manufacturers of bulky book paper and graphic fine paper. We are dedicated to ensuring that the environment is an important issue at all levels of our business.These actions make Arctic Paper less dependent on fossil fuels and give us better control of our energy supply.”
