”We shall now carefully review the feasibility study findings and prepare for Phase II, which will include the environmental impact assessment and further developing of novel bioproducts within commercial and business structure frameworks, CEO Jukka Kantola said.
The $21 million project is part of an initiative to renew and transform the forest products industry, building on investments made in 2012 by Resolute, the Ontario Centre for Research and Innovation in the Bio-Economy (CRIBE), and Natural Resources Canada.
As a subsidiary of RISE, Processum thus contributes to RISE being present in the Sundsvall region. At the inauguration ceremony, some 100 representatives from industry, universities, institutes, and the public sector were present.
"RSB certification acknowledges our strong commitment to sustainability in all operations, now also in biofuel feedstock production with local farmers. This is also the first RSB certificate in Uruguay and creates new sustainable practices for agriculture," said Liisa Ranta, manager, Sustainability, UPM Biofuels Development.