SCA Forest Products, Stora Enso and Holmen have joined forces with metals producer Boliden and chemicals company Eka in a bid to secure future energy production and electricity supply at competitive prices.
The companies have formed a company called Industrikraft i Sverige AB, which has signed a letter of intent with power producer Vattenfall regarding joint energy production.
The agreement aims to ensure new and cost-effective baseload power, securing the long-term future of industrial operations in Sweden.
The collaboration is spawned from a shared view that there will be a baseload power shortage once the country’s nuclear plants are decommissioned.
“In order to safeguard welfare and jobs, Sweden’s basic industries are dependent on access to electricity at competitive prices, so it’s only natural that we’re partnering up with an electricity producer,” said Magnus Hall, Holmen CEO and also chairman of Industrikraft.
