Brief: AAK To Invest SEK 500 Mln In Biomass Boilers

AAK AB (publ)

04/02/2022 12:38

Feb 4 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK TO INVEST SEK 500 MILLION IN BIOMASS BOILERS FOR
SUBSTANTIAL
CO₂ REDUCTION AND SAVINGS
    * WILL INVEST SEK 500 MILLION TO INSTALL BIOMASS BOILERS AT
ITS
PRODUCTION PLANT IN AARHUS, DENMARK - AN INITIATIVE THAT IS
EXPECTED TO REDUCE PLANT'S CO₂ EMISSIONS BY APPROXIMATELY 90
PERCENT
    * PROJECT IS EXPECTED TO BE COMPLETED BY END OF 2023.
    * INSTALLATION WILL ALSO GENERATE SUBSTANTIAL SAVINGS AS
FOSSIL
FUEL WILL BE REPLACED BY SHEA MEAL, A BY-PRODUCT FROM PLANT'S
SHEA OIL EXTRACTION PROCESS
    * THIS IS EXPECTED TO GENERATE YEARLY SAVINGS OF UP TO SEK
100 MLN

Source text for Eikon:  ID:nWkr54hkrM 
Further company coverage:  AAK.ST 

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