Varel Secures Funding for Carbon Neutral Production Transition
German Papier- und Kartonfabrik Varel (PKV) has secured public funding from the German Federal Ministry for Economic Affairs and Lower Saxony to transition to carbon-neutral production. The company plans to invest several hundred million euros by spring 2025 to reduce emissions, implementing large-scale industrial heat pumps and thermal energy storage systems, with initial installations projected for 2029. PKV's Varel mill, which focuses on recycled materials, operates four paper and board machines with a capacity of approximately 930,000 tons per year.
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German Papier- und Kartonfabrik Varel (PKV) received public funding from the German Federal Ministry for Economic Affairs and Lower Saxony for its transition to carbon neutral production. PKV plans to invest a three-digit million euro amount by spring 2025 to reduce emissions and achieve fully climate-neutral production of corrugating medium and board.
The funding will support the deployment of large-scale industrial heat pumps and a high-temperature thermal energy storage system, with initial installations expected from 2029. PKV's Varel mill operates four paper and board machines with a capacity of around 930,000 tpy, focusing on recycled materials.
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