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International Paper to invest big in renewable energy in Poland


2011-06-28



International Paper, the US paper and packaging group, plans to invest minimally several tens of millions of US dollars in Poland over the next three to five years in trees plantations for the production of biomass and cellulose as well as in related clean-energy technologies at its plant in Kwidzyn (Pomorskie voivodship), Marek Krzykowski, CEO of International Paper-Kwidzyn, told Puls Biznesu. A pilot project involving a 400-hectare plantation of poplar trees got underway last year.

The investments are part of a drive to reduce the Kwidzyn factory’s carbon dioxide footprint. It will involve costly upgrades or replacements of coal-fired boilers. In 2012 International Paper plans to start building up a land bank of 20,000-40,000 hectares, mainly close to its plant in Kwidzyn but also in Lubelskie or Lubuskie for plots of more than 1,000 hectares. The project has the backing of the Polish Information and Foreign Investment Agency (PAIiIZ).



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