Helsinki, Finland 06 February 2015 -- A new player is set to emerge on the softwood pulp market in Europa.

Finnpulp, a newly founded company based in Helsinki, announced its plans to invest up to €1.4bn in a new pulp mill in Kuopio, Finland. According to Finnpulp, the company is currently in discussion with national and international investors to secure the financing and will soon commission an environmental impact assessment study for the pulp mill.

Kuopio pulp mill is to offer an annual production capacity of 1.1 million t of northern bleached softwood kraft (NBSK) pulp. The market pulp is to be sold to packaging paper and tissue manufacturers. In addition to NBSK, Finnpulp is also meant to produce 60,000 tpy of tall oil and 800 GWh of energy which is to be fed into the national electricity grid.