Lecta has decided to invest in a refuse-derived fuel (RDF) boiler for its Condat paper mill in France, which will be finished by mid-2024.
The RDF boiler project is based on circular economy, as Lecta will collect from local sources the waste with high biogenic content that will be used as fuel. This will help to reduce the volume of waste that currently cannot be recovered and would otherwise end up in landfills.
Regarding energy, the new boiler will cover about 50% of the mill’s steam needs. This will increase the mill’s competitiveness because the generation of steam will be much less expensive than with natural gas. In addition, there will be a reduction of gas related CO2 emissions by a total of 55,000 tonnes per annum.
The financing of the project has been assigned to Kyotherm, one of the most active actors in the renewable heat projects sector in Europe, who will finance up to Euro 45 million of a total project capex of Euro 56 million.
The closing of the financing agreement signed is scheduled to happen during the Q1 2023 after a certain number of precedent conditions are met.
Lecta is a leading European manufacturer and distributor of specialty paper for labels and flexible packaging, coated and uncoated paper.
