NOKIA, Finland (June 20, 2016) — Nokian Tyres P.L.C. has commissioned a biomass power plant adjacent to its plant in Nokia in a bid to generate “eco-friendly and cost-efficient energy” for its factory.
The project is part of a Nokian plan to transition to renewable fuels to help counteract the rising operating costs of natural gas boilers, the company said.
Nokian Tyre owns a 32.4-percent share of a joint venture that built the Nokianvirran Energia Oy biomass power plant. Sähkö Oy and Oy SCA Hygiene Products Ab are the other parties involved in the venture, with 40.3- and 27.4-percent shares, respectively.
The parties did not disclose their investment in the plant.
With the new biomass power plant, renewable energy sources account for roughly 70 percent of energy consumption at the Nokia factory, the company claimed.
“We wanted to participate in the project as an owner, in order to better ensure the energy supply for our factories in the long term,” said Esa Eronen, vice president of supply operations.
“For Nokian Tyres, the investment will also reduce our expenses,” he added.