Apetit builds bioenergy plant in conjunction with its rapeseed oil milling plant in Kirkkonummi
Apetit builds bioenergy plant in conjunction with its rapeseed oil milling plant in Kirkkonummi
Apetit Plc, Stock Exchange Release, 16 August 2018 at 8:00 a.m.
Apetit builds a bioenergy plant in conjunction with the rapeseed oil milling plant in Kirkkonummi, Finland. The company has received a favourable decision of the Ministry of Economic Affairs and Employment of Finland’s investment aid that is granted for projects based on renewable energy. The aid will cover 10 percent on the total cost of the project, however, up to a maximum of 350.000 euros.
On 7 June 2018 Apetit announced that it plans to build bioenergy plant.
“We are clad to be able to invest in development of our strategic businesses and the use of renewable energy. The new bioenergy plant will increase energy self-sufficiency of the plant and use of production side streams as energy source,” says CEO Juha Vanhainen.
The bioenergy plant will replace the current energy solution that uses non-renewable fuels and significantly reduce the carbon dioxide emissions of the entire Group. The value of the investment is about EUR 3.7 million. The project is conditional for an environmental permit.
Apetit Plc
For further information, please contact:
Juha Vanhainen, CEO, Apetit Plc, tel. +358 10 402 00
Sanna Väisänen, Director, Communications and Investor Relations, Apetit Plc, tel. +358 10 402 4041
Apetit is number one in vegetables. It is a food industry company firmly rooted in Finnish primary production. We create well-being with vegetables by offering healthy and tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit seeks to lead the way in vegetable-based food solutions. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2017, the company’s net sales were EUR 312 million and it had approximately 640 employees. Read more at apetitgroup.fi.
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