Summary sheet
The projects consists of investments in the energy island and environmental protection measures of a larger project aiming at upgrading an existing pulp mill at the Promoter's site operational in Kemi, Finland.
The project aims at developing a modern pulp mill for the manufacturing of renewable pulp, through highly efficient production capacity, using sustainable feedstock.
The project's compliance with all applicable national and EU environmental legislation will be verified during the appraisal. An environmental impact assessment will be carried out and mitigating and/or compensation measures applied as necessary.
The Bank will require the Promoter to ensure that any procurement procedures are done in accordance with the relevant applicable EU procurement rules.