Biomaterials May Be Next Growth Engine for Paper Industry
Enocell pulp mill operated by Storo Ensoo Oyj, Uimaharju, Finland. Photographer: Lentokuva Vallas Oy/Stora Enso via Bloomberg
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As the digital age curtails use of newsprint and stationary, European paper makers are retooling their factories to produce more profitable materials that go into everything from fuels to sweeteners and even hair dye.
That’s because global growth in pulp and paper consumption plunged 80 percent in the seven years through 2014, forcing companies such as Stora Enso Oyj and UPM-Kymmene Oyh to find new uses for the raw materials coming from trees that they manage.