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Circular economy initiative in Kotka receives investment funding

December 18, 2023
  • Press releases and news

Nevel is planning an extensive circular economy cooperation, which aims at processing of biodegradable side streams in Kotka, Finland. The aim of the cooperation is to form local circular economy, where industrial and municipal side streams are utilised in the energy value chain. The project is planned to create new opportunities for local business cooperation in Kotka. The operations helps utilise side streams, minimise waste, reduce emissions and speed up the sustainable transformation.

The biodegradable materials processing plant is planned to be operational during 2026.

The project has received investment support of Eur 4.7 million from the Ministry of Economic Affairs and Employment of Finland. Final investment decision, as well as obtaining of appropriate environmental and building permits are required for the initiative to realise.

More information:
Hanna Viita
Director sustainability and communications, Nevel
Phone: 040 167 1755

Nevel in brief
Nevel is a utility infrastructure company offering advanced industrial and real estate infrastructure solutions that are fit-for-purpose and future-proof. Committed to climate positive growth, we drive societal impact by co-creating local circular economies and driving transformation to carbon-neutral energy production. Nevel serves almost 100 industrial and over 5,000 real estate customers with decentralised energy and circular economy solutions. The company operates more than 130 energy production sites and manages over 40 district heating networks. Nevel has an annual turnover of EUR 115 million, and employs 190 experts in Finland, Sweden and Estonia.