Kemira, Nordic Investment Bank Sign EUR 90 Million Loan Agreement
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Kemira Oyj, Finland, and the Nordic Investment Bank (NIB) this week signed a EUR 90 million loan agreement for Kemira’s completed expansion of chlorate production in Joutseno, Finland, as well as investments in research and development during 2016-2019.
The new chlorate production line in Joutseno, Finland, started up in autumn 2017, is based on Kemira’s proprietary in-house technology and has significantly increased the site’s current sodium chlorate capacity. Sodium chlorate is the raw material for chlorine dioxide (ClO2), which is produced on-site at pulp mills and is the primary bleaching agent for kraft pulp.
Kemira’s R&D program during 2016-2019 focuses on developing more sustainable solutions for improving the water, energy, and raw material efficiency of customers in various sectors, including pulp, paper, as well as that of other industrial applications. In addition, Kemira has collaboration programs with other companies and universities and research centers, including Aalto University, the Technical Research Centre of Finland, and the University of Copenhagen.
Kemira is a global chemicals company serving customers in water intensive industries. In 2017, the company had annual revenue of around EUR 2.5 billion and 4,732 employees. More information is available online.
