European trade of wood chips has gone up substantially as sawmills have ramped up production and generated more residual chips
Softwood lumber production in Europe has increased steadily increased over the past five years. Consequently, additional volumes of sawmill by-products, including wood chips, shavings, and sawdust, have become available to other sectors in the forest industry. The added wood fiber supply has predominantly benefitted pulpmills, manufacturers of wood-based panels, and wood pellet producers. Residual chips is typically a preferred lower-cost fiber furnish as compared to costlier small-diameter logs. Over the past five years, the annual volume of residuals generated from Europe’s sawmills
FORTUM CORPORATION ONLINE NEWS 31 DECEMBER 2020 15:00 EET
Fortum is diversifying its cooperation in wind power generation in Russia in collaboration with the Russian Direct Investment Fund (RDIF). The Fortum-Rusnano Wind Investment Fund has sold the 50-MW Ulyanovsk 2 and the 300-MW Rostov wind farms to a joint venture recently established with RDIF for this purpose. Fortum’s ownership in the joint venture is 49%.
In line with its strategy Fortum aims to grow a sizeable portfolio of onshore wind and solar based power generation both by utilising various forms of cooperation and its own
