Packaging firm Smurfit Kappa is investing in new technology at its paper mill in Nettingsdorf, Austria.
The project includes the construction of a recovery boiler by 2020 and new steam turbine by 2022.
The company said that the investment will significantly reduce CO2 emissions while increasing production, as it intends to have the lowest energy consumption in the paper industry.
The new boiler will produce biomass energy, reducing the mill’s CO2 emissions by 40,000 tonnes, which represents a 1.5% reduction in Smurfit Kappa’s total CO2 emissions.
Smurfit Kappa stated that it has already reduced CO2 emissions by 23% in 2016 and will target 25% by 2020.
Commenting on the investmet, Smurfit Kappa Nettingsdorf CEO Günter Hochrathner said: “The new boiler and turbine will help us to become even more efficient, which in turn will benefit both our people and the wider community.
“Nettingsdorf Paper Mill has a long history in the area and this investment in technology secures the long-term future of the mill.
“At Smurfit Kappa, we believe in sustainability in every fibre because, by taking a sustainable approach to every aspect of our company and products, we become more efficient.
“This new development will enable us to ensure the long-term supply of the high-quality, sustainable container board our customers expect from us.”
Smurfit Kappa Europe CEO Saverio Mayer said: “This investment builds on our commitment to help create a sustainable future by building a profitable business based on responsible principles.
“Sustainable innovation creates value for our customers and our shareholders – but it also plays a vital role in ensuring that the communities surrounding our sites are part of our long-term vision.”
The Nettingsdorf mill, established in 1851, has over 360 employees and manufactures kraftliner and testliner linerboard used in secondary packaging.