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Stora Enso opens new biomaterials innovation centre in Stockholm

Stora Enso will concentrate its new biomaterials business development in an Innovation Centre that will be located in the Stockholm area in Sweden. The centre, which will be formally inaugurated in Q4 2015, will host research, application, business development, and strategic marketing.

The centre will boost innovation by identifying business opportunities in the renewable materials market and linking them with leading innovation and research centres in business and academia. The centre will be staffed with Stora Enso employees currently working in Sweden, Finland and Germany. It will initially employ a little less than 60 people and is estimated to employ around 75 people by year end 2015.

- We are convinced that our access to biomass, in combination with our expertise in forestry worldwide, will benefit our customers in new, innovative ways in the future. Our goal is to develop a competitive offering serving customers in multiple industries and markets, while adding value to our current cellulosic streams, says Karl-Henrik Sundström, CEO of Stora Enso.

The mission of Stora Enso Biomaterials is to find new, innovative ways to maximise the value extractable from wood, as well as other kind of ligno-cellulosic biomasses. Through innovation, the aim is to develop into a cost and performance differentiated renewable biochemical company offering drop-in and new materials into existing and new industries to Stora Enso.

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Anders Eliasson

Senior Investment Advisor, Materials Stockholm , Sweden Senior Investment Advisor, Materials, Stockholm , Sweden
+46 70 342 43 60