In addition to the Bio Strategy Award category, UPM also won the Financial Strategy award at the PPI 2016 Awards.
November 22, 2016
UPM has received the PPI Bio Strategy Award 2016 for its biofuels business in Brussels, Belgium. The PPI Awards are the only global awards that are dedicated to recognizing the achievements of companies, mills and individuals in the pulp and paper sector.
The judges were looking for a company that has grabbed the opportunity in using wood, biomass or waste for the creation of bioenergy, biofuels and other non-core products signifying an entrance into the bioeconomy, and has demonstrated that the strategy impacts financial performance. A great example case of this is of course UPM’s advanced biofuels production in the UPM Lappeenranta Biorefinery in Finland.
Excellence in the global pulp and paper industry was celebrated for the 8th year in a row at the PPI Awards on 21 November, held in conjunction with the CEPI European Paper Week in Brussels. Winners were selected by a high level jury which includes CEOs and professionals from pulp and paper industry, sustainability consultancy, specialised media and industry associations In addition to the Bio Strategy Award category, UPM also won the Financial Strategy award at the PPI 2016 Awards.
UPM Biorefinery in Lappeenranta, Finland is the first commercial scale biorefinery in the world producing wood-based, renewable diesel. The facility, worth 179 million EUR, with an annual capacity of 100,000 tonnes of UPM BioVerno diesel has been built without any public investment grants. The construction of the biorefinery started in summer 2012 and the commercial production in January 2015.
