UPM to invest EUR 550 million in industrial-scale biorefinery in Germany

UPM to invest EUR 550 million in industrial-scale biorefinery in Germany

Finland-headed forest industry major UPM has announced that it will take the “next transformative growth step” and enter the biochemicals business by investing EUR 550 million in an industrial-scale biorefinery in Leuna, Germany. The biorefinery will produce a range of 100 percent wood-based biochemicals that enable a switch from fossil raw materials to sustainable alternatives in various consumer-driven end-uses.

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