Paltamo pulp mill project

The project in brief

Investment

Paltamo mill, estimated total investment: over a billion euros.

Production

Annual chemical pulp production capacity of 600 000 ADMT, of which 85 % NBSK and 15 % BHKP.

Byproducts, side streams, energy and services to partners who develop bioproducts and bio-based business on site.

Project schedule

Envisaged timetable

• 2018 Completion of EIA (Environmental Impact Assessment), marking the start to the process to obtain the statutory environmental permin.
• 2019 Binding conditional agreement signed for acquiring the mill site from the municipality of Paltamo.
• 2020 Environmental permit application approved by AVI (Regional State Administrative Agency for Northern Finland).
• 2021-2022 Appeals against AVI's decision processed by the Vaasa Admin. Court.
• 2023-2024 Supreme Court of Finland on 27.03.2024 refused all applications to hear appeals against the lower court’s decision, which therefore stands. This favourable outcome gives the permit the force of law, and opens the way for proceeding towards financing the mill project.