In 2014, Kemira announced a substantial capital investment in its Oulu plant to capture the growth potential in the tight bleaching chemical market. The new hydrogen peroxide production process was successfully started during the third quarter in 2015 and the new volume has been sold out.
Positive development in the fiber markets and the ongoing pulp mill capacity investments drive Kemira's investments in bleaching chemical capacity. Kemira has started a pre engineering study for additional capacity in the Nordics in order to invest in new production lines in Finland and debottleneck the existing units.
Kemira has several bleaching chemical production units in Europe; Äetsä, Joutseno and Oulu in Finland, Helsingborg in Sweden and Europoort in Netherlands.
alues. The investment underpins Statoil's long term interest and commitment to the future of the NCS.
Lundin Petroleum has over the last decade successfully built a strong portfolio on the NCS, and internationally in Malaysia, and France. The company had 187.5 million barrels of oil equivalent of reserves at the end of 2014. From 2002 to 2014 it increased its reserves base four fold, and produced 24,900 barrels of oil equivalent per day in 2014. In 2015 it has booked net 2P reserves of 515 million barrels of oil equivalent for the full field development of Johan Sverdrup, based on its 22.60 percent working interest.
Statoil is supportive of Lundin Petroleum's management, its board of directors and the strategy. There is no plan to increase Statoil's shareholding in the company.