UPM-Kymmene Oyj

The FINANCIAL — NIB and the Finnish forest industry company UPM-Kymmene Oyj have signed a 10-year loan agreement for EUR 200 million for financing the construction of a biorefinery producing wood-based biochemicals in Leuna, Germany, that will provide bio-based sustainable alternatives for fossil resources. The loan co-finances UPM’s EUR 550 million investment in an industrial scale biorefinery that opens biochemicals markets