Apetit has made a decision to build a bioenergy plant

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Apetit Plc, Stock Exchange Release, 19 August 2019 at 03:00 p.m.

Apetit Plc has made a decision and signed an agreement on the implementation of the bioenergy plant to be built at the rapeseed oil milling plant in Kirkkonummi as a result of a granted environmental permit for the project. The bioenergy plant is targeted to be completed in October 2020. Apetit announced the construction of the bioenergy plant on 16 August 2018.

The cost of the investment has been revised from the previous EUR 3.7 million to EUR 5.2 million. Originally, Apetit has been granted an investment aid for project based on renewable energy from the Ministry of Economic Affairs and Employment of Finland’s in August 2018. The total amount of investment aid has now been increased to about EUR 490,000 to reflect the adjusted costs of the project.

The bioenergy plant replaces the current energy solution that uses non-renewable fuels and would significantly reduce the carbon dioxide emissions of the entire Group. It also increases energy self-sufficiency of the plant.

Apetit Plc

For further information, please contact:

Juha Vanhainen, Tel. +358 10 402 2100

Sanna Väisänen, Director, Communications, Marketing and Investor Relations, Tel. +358 10 402 4041

Apetit is number one in vegetables. It is a food industry company firmly rooted in Finnish primary production. We create well-being with vegetables by offering healthy and tasty food solutions that make daily life easier. We also produce high-quality vegetable oils and rapeseed expellers for feeding stuff, and trade grain on the international markets. Apetit seeks to lead the way in vegetable-based food solutions. Apetit Plc’s shares are listed on Nasdaq Helsinki. In 2018, the company’s net sales were EUR 283 million. Read more at apetit.fi.