NIB finances Moelven's integrated wood pellet and bioenergy plant in Norway
The Nordic Investment Bank (NIB) has revealed that it has signed a seven-year loan agreement of NOK 200 million (≈ EUR 17.73 million) with Norwegian solid wood processor Moelven Industrier ASA (Moelven). The loan will finance Moelven’s new wood pellet and bioenergy plant, which is integrated with the existing sawmill at Sokna, near Hønefoss in Norway. It will also contribute to Moelven’s investments in new kiln-dryers and other energy efficiency improvements at the company’s smaller facilities
The thermal energy demand for the pellet production and the sawmill operations will be covered by two new 12 MW biomass boilers, which will use wood by-products as fuel. They will generate up to 88 GWh of thermal energy annually.
The new biomass heat plant at Sokna will ensure the thermal energy supply for both sawmill and the new 80 000 tonnes-per-annum pellet plant. This will substantially reduce overall energy consumption, as the residual heat that would otherwise go to waste will be recovered for use in wood pellet production.
Moelven Industrier ASA is one of the largest producers of sawn wood and wood-based building materials in the Nordics. The company employs about 3 390 people, mostly in Norway and Sweden. The owners of the company are Glommen Mjøsen Skog SA (78.8 percent) and Viken Skog SA (20.8 percent), with the remaining shares held by private individuals.
NIB is an international financial institution owned by eight member countries: Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway, and Sweden. NIB finances private and public projects in and outside the member countries.