Borregaard has today decided to invest NOK 131 million in a project aimed at
increasing the use of bioenergy from production residuals at the Sarpsborg site
in Norway. When completed in 2021, the bioenergy produced as a result of this
project will be approximately 20 GWh per year, representing a reduction of CO(2)
emissions of 1,200 tonnes. Longer term there is a potential to increase
production to 34 GWh per year, and a corresponding reduction of 1,400 tonnes
CO(2 )emissions.
Enova SF, a state enterprise under the Norwegian Ministry of Climate and
Environment, has decided to support the project by a grant of NOK 46.2 million,
thus reducing Borregaard's project cost to a net amount of NOK 85 million.
Sarpsborg, 19 June 2019
Contact:
Jørn Syvertsen, Director Investor Relations, +47 958 36 335
This information is subject to the disclosure requirements pursuant to Section
5 -12 of the Norwegian Securities Trading Act.