Infracapital, the infrastructure equity investment arm of M&G Plc, and AMP Capital announce that they have agreed the sale of their combined ownership interest in Adven, a leading provider of clean energy solutions across the Nordics and Baltics, to institutional investors advised by J.P. Morgan Asset Management.

The pellet manufacturer Fuelwood has started the production on its second line at the pellet plant located in Söderhamn, Sweden. Fuelwood had a need to both expand the capacity and to be able to use various raw materials in its production. Adven has built and financed a dryer and a bio boiler plant that has been commissioned in July.

Terrafame and Adven will soon work together to reduce the carbon dioxide emissions of Terrafame's heat production by almost 9,000 tonnes. In practice, a drop of more than 90% in emissions is expected to be reflected in 2021. The new energy plant, which will be completed this year, the recovery of excess energy and the new investments in the district heating network in the mining area, which have now been agreed with Adven, will ensure the reduction of emissions.

In the future, even more industrial excess heat will be used in Siilinjärvi in heating of houses and buildings. Savon Voima and Adven have signed an agreement in which an even larger part of the excess heat from the production of Yara's Siilinjärvi plants will be transferred to the district heating network in the Siilinjärvi urban area. This is a big step towards carbon neutrality nationwide in Finland, as reportedly excess heat generated in industrial processes has never been utilized anywhere in Finland on such a large scale.

The property used by SAMK and Kesko in Pori's Asema Square will be heated and cooled in the future with energy produced locally on the site. Geoenergy solution supports the carbon neutrality goals of both SAMK and property owner Hemsö. Adven is responsible for the implementation of the project.

Nonwovens manufactured by Suominen can be found in many products that require high hygiene, such as wet wipes, nappies, masks and hygiene products. Nonwoven fabric is dried by using steam and at the same time microbes are destroyed. Suominen and Adven have entered into an agreement extension for steam energy production.

Raisio is once again making additional investments in Nokia mill. Adven is implementing a new heating plant at the site, which will use the by-products generated in the mill's production as fuel. With the new heating plant, Nokia's mill will be carbon neutral and at the same time energy costs will be reduced. After the change, all of Raisio's own production facilities will be carbon neutral in terms of energy production.

Ovostar Union Group company GALLUSMAN and Adven are planning to partner-up in a 100 million euros investment project for establishing a modern egg production plant in Latvia with up to 200 new working places.

Hanna Summa (Master of Arts) is appointed SVP, Human Resources at Adven Group. Hanna Summa is responsible for the continuity and further development of the Adven’s HR strategy and various group activities.

The planned biogas production will significantly reinforce circular economy in the Hanko area.