Valmet has signed a new Euro 300 million sustainability-linked syndicated revolving credit facility (RCF) agreement. The new RCF refinances an existing Euro 200 million credit facility and will be used for general corporate purposes.
The purpose of the pilot facility investment is to strengthen Valmet's research and development capabilities within the field of biomass pretreatment and to respond to new market demands for bioenergy, biofuels, and biochemicals.
Kemira has opened its new APAC R&D center in Pujiang Town, Shanghai, China, to meet rapidly growing market demand and accelerate efforts to develop renewable, biodegradable and recycleable products in the Asian region.
Toscotec successfully started up a TT SYD Steel Yankee Dryer at Cartiera Ponte d'Oro Ansalcarta in Villa Basilica, Italy. The new Yankee replaced an existing cast iron dryer installed on PM1 in 1993 by Officine Meccaniche Toschi, which was renamed Toscotec in 2003.
Valmet will supply a high-capacity OptiWin Pro winder to Norske Skog's Golbey mill in France. The main target of Norske Skog Golbey is to have one winder to handle the 550,000-tonne capacity of the converted high-speed and high-capacity paper machine PM 1, following the paper machine conversion from production of newsprint to production of recycled containerboard.
Valmet and CMPC have signed a letter of intent (LOI) for Valmet to deliver key technology for the BioCMPC project. The target of the project is to increase the production capacity of the Guaíba pulp mill's line 2 from 1.5 million ADt/y (air dry tonnes per year) to 1.85 million ADt/y. The modernization is expected to start operation in the fourth quarter of 2023.
Andritz has received an order from Asia Symbol (Guangdong) Paper to supply a complete tissue production line - from stock preparation to a double-width tissue machine (TM13), including automation - for energy-efficient production of high-quality grades at its mill in Jiangmen Xinhui, China. Start-up is planned for the end of 2022.