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PRESS RELEASE 16 Dec 2008

PÖYRY DESIGNS UNIQUE PLANT FOR RENEWABLE VEHICLE FUEL IN SWEDEN

PÖYRY PLC          Press release 16 December 2008 at 1.30 p.m.
 
PÖYRY DESIGNS UNIQUE PLANT FOR RENEWABLE VEHICLE FUEL IN SWEDEN
 
Pöyry has been commissioned to provide engineering and project management services for the construction of SunPine AB's new production plant for renewable vehicle fuel to be built in Piteå, Sweden. To be taken into use in early 2010, the new plant will be the first plant in the world to produce green diesel at industrial scale from forest-based raw material. The value of the order is about EUR 1.3 million.
 
The new plant, which will use tall oil as raw material, will have a capacity of about 100 000 m3 of diesel fuel per year, which equals the annual fuel consumption of 100 000 diesel-powered vehicles. Tall oil is a by-product of the pulp manufacturing process and does not compete with the production or consumption of foodstuffs. SunPine's total investment in the new plant amounts to about EUR 25 million.
 
Pöyry's delivery comprises engineering, design, procurement and project management for process and mechanical equipment, piping, electrification, instrumentation and process control systems, and also for construction and site preparation works. The project will provide workload for about ten people at Pöyry's offices in Sweden.
 
"We are proud to participate in this pioneering and environmentally sound project. The order shows that Pöyry is capable of delivering complete engineering and project management services, also within the growing biofuel sector", comments Börje Bergström, Managing Director of Pöyry's operations in Sweden.
 
Pöyry is a global consulting and engineering firm focusing on the energy, forest industry and infrastructure & environment sectors. Pöyry's net sales in 2007 amounted to about EUR 720 million and it employs 8000 experts.
 
PÖYRY PLC
 
Teuvo Salminen
Deputy to President and CEO
 
Additional information by:
Börje Bergström, Managing Director, Pöyry Forest Industry AB, Sweden
tel. +46 31 83 86 73

 
DISTRIBUTION:
Major media