Nuclear Target Among Consortium with Swedish Paper and Pulp Companies

October 31, 2009 by timbercommunity

The energy giant Vattenfall and a newly formed company Industrikraft has signed a memorandum of understanding on joint power generation. The goal is to build a new nuclear power plant for the industry says Mats Gustafsson, president of Industrikraft in Sweden AB.
Five companies are also supporting the new company among them pulp and paper companies Holmen, SCA, Stora Enso and Eka Chemicals. Industrikraft is also supported by the mining company Boliden. The Swedish pulp and paper industry is simply dependent on electricity at competitive prices.

- The cooperation is fully in line with our long-term strategic direction "Making Electricity Clean" and helps to set climate targets achieved, "adds Lars G Josefsson, CEO Vattenfall about the controversial project. In media they have also mentioned bioenergy. The next phase of the collaboration is to investigate and decide on concrete cooperation projects. The CEO of Industrikraft has a background in VindIn AB and BasEl Sweden AB.