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Södra invests SEK 20 million for sustainable transportation solutions

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Södra invests SEK 20 million for sustainable transportation solutions

March 25, 2019 - 04:37
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VAXJO, Sweden, March 25, 2019 (Press Release) -A transition of the transport sector will require new solutions and a changed market. As part of the process to achieve its fossil-free targets by 2030, Södra is now earmarking an investment of SEK 20 million for the additional costs arising from the choice of new and sustainable transport solutions.

“As one of Sweden’s largest transport purchasers, we have a major responsibility. We want to show the way to a sustainable transport future and this investment will show that we are very serious about achieving change, and inspiring others to follow our lead,” said Lars Idermark, President and CEO.

The earmarked funds will increase opportunities for working long-term without affecting the day-to-day operations. Södra has previously communicated its investments in liquid biofuel production through its two joint ventures, SunPine and Silva Green Fuel, and its own production of biomethanol.

“We are following our roadmap for “A Fossil-Free Södra,” alongside of our efforts to promote the supply, demand and policy instruments that will enable a profitable transition, and to become a role model for others to follow. With this investment of SEK 20 million, we can help to drive demand for new technical solutions,” said Henrik Brodin, Project Manager for “A Fossil-Free Södra.”

Founded in 1938, Södra is Sweden’s largest forest-owner association, with nearly 52,000 forest owners as its members. We conduct modern and responsible forestry, and operate state-of-the-art mills in which we process our raw material. In 2018, sales amounted to SEK 24 billion and employees totalled 3,100. Through value-generating relationships and a long-term approach, Södra shows the way for the next generation of forestry.