Potential offtaker

UPM-Kymmene Corporation

www.upm.com

Estimated electricity consumption

N/A

Countries of production presence

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UPM Kymmene is a Finnish company that operates in the forest industry. The company is committed to decarbonisation and has integrated renewable energy and sustainability into its operations. UPM Kymmene is a global leader in the production of advanced biofuels, pulp, paper, and other forest-based products.

The company has a strong focus on reducing carbon emissions through the use of renewable energy. UPM Kymmene has set a target to reduce its carbon dioxide (CO2) emissions by 65% by 2030. To achieve this target, the company has invested in various renewable energy sources, such as biomass, wind power, and solar power.

The company has also implemented a hydrogen (H2) fuel cell system to reduce carbon emissions. The fuel cell system converts hydrogen and oxygen into electricity, with the only byproduct being water. This technology is particularly useful for decarbonising transport, as it allows for the production of electric vehicles with a greater range than is currently possible using batteries alone.

UPM Kymmene is also committed to the use of corporate power purchase agreements (PPAs). These agreements allow companies to purchase renewable energy directly from producers, rather than relying on the grid. By doing so, companies can ensure a stable and predictable source of renewable energy, while also helping to support the development of new renewable energy projects.

In addition to its commitment to renewable energy, UPM Kymmene has also implemented various initiatives to reduce its overall energy consumption. The company has set a target to reduce its energy consumption by 5% by 2025. To achieve this target, the company has implemented various energy efficiency measures, such as the use of LED lighting and the optimisation of production processes.

UPM Kymmene has also implemented a corporate energy management system to monitor and control its energy consumption. This system allows the company to identify areas where energy efficiency can be improved, and to implement measures to reduce energy consumption.

In addition to its focus on renewable energy and energy efficiency, UPM Kymmene is also committed to sustainable forest management. The company has set a target to increase its certified forest area to 100% by 2030. This means that all of the wood used in UPM Kymmene's products will be sourced from sustainably managed forests.

UPM Kymmene is also committed to reducing its greenhouse gas emissions by reducing the amount of fossil fuels used in its operations. The company has set a target to reduce its fossil fuel use by 50% by 2030. To achieve this target, the company is investing in new technologies, such as biorefineries, which can produce advanced biofuels from forest-based raw materials.

Overall, UPM Kymmene is a company that is committed to sustainability and decarbonisation. The company has implemented various initiatives to reduce its carbon emissions, including the use of renewable energy, corporate PPAs, and energy efficiency measures. UPM Kymmene is also committed to sustainable forest management and reducing its use of fossil fuels. With its strong focus on sustainability, UPM Kymmene is well-positioned to meet the challenges of the future and help to create a more sustainable world.

✓ Current offtaker under Corporate PPA's
✓ Science Based Targets member
✓ Declared Net Zero commitment