In Spain, ENSO has obtained 165 million euros of funding for the development of two newly built biomass plants in Spain, which will supply thermal and electrical energy to two large industrial customers under long-term supply contracts. These are the decarbonization projects of the agricultural cooperative of ACOR located in Olmedo and that of the plant of the international chemical group, Solvay in Torrelavega. The banking entities in charge of the operation were MUFG, Santander, Natixis Corporate & Investment Banking, Bank of America and GRUPO CAJAMAR where Santander served as coordinator.
The new plants, currently under construction, will serve Solvay and ACOR, two of Enso’s main customers, contributing to a substantial improvement in efficiency and a reduction of their greenhouse gas emissions by more than 400 000 tCO2 per year.
Tags: biomass, Enso, Spain
Category: Fuels
