UPM Lappeenranta Biorefinery wins the Commercial Scale Plant of the year award

Press Release 3.3.2015 9:00 EET

(UPM, Helsinki, 3 March 2015, at 9:00 EET) - UPM Biofuels was awarded the Commercial Scale Plant of the year in the WBM Bio Business 2015 competition on 2 March in Amsterdam. The award was received thanks to UPM Lappeenranta Biorefinery in Finland, which started commercial production in January. The winners were announced on a gala organised in the connection of the World Bio Markets event.

The award honours the industry pacesetters for their consistent commitment to innovation and promotion of bio-economy. The competition gives credit to the bio-pioneers who have proven commercial scale production of a biofuel or bio-based chemical product. The winners were chosen by an independent panel of judges, including CEOs and professionals from the leading global bio-based companies. The nominees' projects were assessed based on their innovativeness and ambition as well as on their relevance with regard to other industries.

"We congratulate UPM Biofuels for their contribution to world's energy future by bringing new renewable fuel technology to the market," the jury stated.

"We are proud to receive this esteemed, international award for our newly commissioned commercial scale biorefinery," says Sari Mannonen, Sales & Marketing Director of the UPM Biofuels Business.

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"Since 2008, we have taken great steps from developing the innovative process, building the biorefinery and finally, becoming the world's first producer of renewable wood-based diesel. This recognition is very highly valued, and the whole UPM Biofuels team is very excited about making this happen," Mannonen continues.

Innovative advanced biofuel

UPM Biorefinery in Lappeenranta, Finland is the first commercial scale biorefinery in the world producing wood-based, renewable diesel. The facility, worth 175 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.

UPM BioVerno is produced out of crude tall oil, a wood-based residue of pulp production. A big portion of the raw material comes from UPM's own pulp mills in Finland.

UPM BioVerno reduces greenhouse gas emissions by as much as 80 per cent compared to traditional diesel. Based on research, high quality UPM BioVerno works with all diesel engines just as well as any regular diesel. UPM has a sales agreement with NEOT (North European Oil Trade), a wholesale organisation of oil and biofuel products.

Read more of the WBM Bio Business Awards in: http://www2.greenpowerconferences.co.uk/EF/?sSubSystem=Prospectus&sEventCode=BA1403NL&sSessionID=p66j0frst6c963tpfvp8felfs7-26600078

For more information:
Sari Mannonen, Sales and Marketing Director, UPM Biofuels, tel. +358 45 265 1345
UPM Media Desk
Mon-Fri from 9.00 to 16.00, tel. +358 40 588 3284
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve customers worldwide. The group employs around 20,000 people and its annual sales are approximately EUR 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com

UPM Biofuels
UPM plans to become a major player in high quality, advanced biofuels for transport. Biofuels are an essential part of the Biofore strategy. The innovative wood-based biofuels developed by the company and their production technologies are part of a sustainable future. UPM's biofuels are frontrunners in quality, usability and sustainability. They will significantly decrease greenhouse gas emissions compared to fossil fuels. www.upmbiofuels.com

World Bio Markets
World Bio Markets is the bio economy's leading event celebrating its 10th anniversary. The international conference is one of the biggest in its branch, and brings together more than 1,500 technical and commercial professionals from biofuels and biochemical industry. To read more, please go to http://www.worldbiomarkets.com.