Brief: Upm And Dongsung Chemical Announces Strategic Partnership
18/08/2022 07:37
Aug 18 (Reuters) - UPM-Kymmene Oyj UPM.HE :
* UPM AND DONGSUNG CHEMICAL ANNOUNCE STRATEGIC PARTNERSHIP
TO
DEVELOP RENEWABLE PRODUCTS USING BIO-BASED RAW MATERIALS
* UPM IS INVESTING 750 MILLION EUROS TO BUILD WORLD'S FIRST
INDUSTRY SCALE BIOREFINERY AT LEUNA IN SAXONY-ANHALT, GERMANY,
TO CONVERT SUSTAINABLY SOURCED, CERTIFIED WOODY BIOMASS INTO
NEXT GENERATION BIOCHEMICALS
* FACILITY AIMS TO PRODUCE 220,000 TONNES ANNUALLY IN TOTAL
* BIO-MEG IS ONE OF OUTPUTS
* UPM TARGETS START-UP FOR END 2023
Further company coverage: UPM.HE
(Gdansk Newsroom)
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