Taaleri invests in Paltamo bioproducts factory project
01 February 2022 - 6:00PM
Taaleri invests in Paltamo bioproducts factory project
TAALERI
PLC PRESS
RELEASE 1
FEBRUARY 2022 AT 9:00 (EET)
Taaleri invests in
Paltamo bioproducts
factory project
Taaleri Investment Ltd acquired 10.7% ownership in KaiCell
Fibers Ltd on 31 January 2022. KaiCell Fibers aims to build a
bioproducts factory producing bleached pulp and renewable energy in
Paltamo, Finland.
The investment expands Taaleri’s industrial foothold in the wood
value chain and creates opportunities to develop new bioindustry
investment products for Taaleri’s clients. Taaleri already has a
significant presence in the sector through its investments in a
crude tall oil biorefinery (Fintoil), a biocarbon refinery (Joensuu
Biocoal) and Taaleri Forest Fund III. Taaleri also recently
published the first bioindustry-focused fund in Europe, Taaleri
Bioindustry I.
Taaleri PlcCommunications
For further information, please
contact:Jorma Alanne, managing director,
Taaleri Investment Ltd, tel. +358 50 688 65,
jorma.alanne@taaleri.comTimo Jaakkola, partner, Taaleri Capital
Ltd, tel. +358 50 383 2846, timo.jaakkola@taaleri.comKeijo
Ukkonen, board member, KaiCell Fibers Ltd, tel. +358 40 820 4707,
keijo.ukkonen@nopek.fi
KaiCell Fibers in
brief
KaiCell Fibers Ltd, founded in 2016, aims to build a bioproducts
factory to produce 600 000 tonnes of bleached pulp annually and
become a significant renewable energy producer in Paltamo. The
projected raw material intake comprises 3.5 million cubic metres of
softwood and birch fiber and chips. The total investment amounts to
approximately 1 billion euros.
The Regional State Administrative Agency for Northern Finland
granted KaiCell Fibers Ltd the environmental and water management
permits in summer 2020. The company expects the ruling of Vaasa
administrative court regarding the complaints filed against the
permits to be received in early 2022. The investment decision can
be made once the environmental and water management permits become
effective.
KaiCell Fibers Ltd’s shareholders are the Regional Council of
Kainuu and Finnish investors.
Taaleri in brief
Taaleri is a Nordic investment and asset manager with an
emphasis on renewable energy and other alternative investments. We
channel capital towards economically profitable undertakings that
have a lasting positive impact on the environment and society. We
are a signatory of the UN Principles for Responsible Investment
(UNPRI) since 2010, and we joined the Net Zero Asset Managers
initiative in 2021. Taaleri’s vision is to be a Nordic forerunner
in alternative investments focusing on sustainability.
Taaleri has two business segments: Private Asset Management and
Strategic Investments. Private Asset Management consists of
renewable energy, real estate, bioindustry and infrastructure
businesses. The Strategic Investments segment includes Garantia
Insurance Company Ltd.
Taaleri has EUR 2.1 bn of assets under management in its private
equity funds and co-investments. The company has approximately 120
employees. Taaleri Plc is listed on Nasdaq Helsinki.
www.taaleri.com
Siri Markula, Head of Communications and IR, tel. +358 40 743
2177, siri.markula@taaleri.com
Taaleri Oyj (LSE:0RF6)
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