Brief: Borregaard To Invests NOK 131 Mln In Bioenergy Project At Sarpsborg Site

BORREGAARD ASA

19/06/2019 15:19

June 19 (Reuters) - Borregaard ASA  BRGD.OL :
    * REG-BORREGAARD ASA: INCREASED UTILISATION OF RESIDUALS
FROM
PRODUCTION PROCESSES AS BIOENERGY
    * DECIDED TO INVEST NOK 131 MILLION IN A PROJECT AIMED AT
INCREASING USE OF BIOENERGY FROM PRODUCTION RESIDUALS AT
SARPSBORG SITE IN NORWAY
    * WHEN COMPLETED IN 2021, BIOENERGY PRODUCED AS A RESULT OF
THIS
PROJECT WILL BE APPROXIMATELY 20 GWH PER YEAR
    * ENOVA SF HAS DECIDED TO SUPPORT PROJECT BY A GRANT OF NOK
46.2
MILLION, THUS REDUCING BORREGAARD'S PROJECT COST TO A NET AMOUNT
OF NOK 85 MILLION
    * LONGER TERM THERE IS A POTENTIAL TO INCREASE PRODUCTION TO
34
GWH PER YEAR, AND A CORRESPONDING REDUCTION OF 1,400 TONNES CO(2
)EMISSIONS

Source text for Eikon:  ID:nGNE1FpdRW 
Further company coverage:  BRGD.OL 

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