Total investment at the former Schweighofer Fiber mill in Hallein amounts to €60m.
Dissolving pulp manufacturer Austrocel plans to invest approximately €60m to expand and diversify production at its Hallein plant in Austria. The investment project aims at increasing disolving pulp capacity from 150,000 to 170,000 by 2021. Modernisation and upgrade works are to be carried out in the areas of pulp drying, prebleaching and waste water treatment.
The bigger part of the investment, however, is going into the production of biofuels. The company plans to install equipment for bioethanol production from wood sugars. The biofuel facility is reportedly designed for the production of some 30 million litres per year and is scheduled to go into operation in 2020.
The dissolving pulp mill in Hallein has been operating under the name of Austrocel since September last year when it was sold by the Schweighofer Group to the US financial investor Tower Brook Capital Partners.