UPM and BEE into agreement on renewable energy supply to UPM Hürth mill

Press Release 7/19/2016 9:00 AM UTC

                                                                                                                        
(UPM, Helsinki, 19 July 2016 at 11:00 EET) - UPM has entered into a conditional agreement with Blue Energy Europe (BEE) for the supply of heat for its Hürth mill in the Cologne area in Germany. The deal is expected to be finalised during the first half of 2017 at the latest.

As part of the deal BEE will acquire a biomass boiler, turbine and generator from UPM's closed Myllykoski site in Finland. BEE will transfer the power plant components to the vicinity of UPM's Hürth mill, and provide steam for the mill.

"This opportunity is both economically and environmentally attractive. BEE's heat supply will be biomass-based and thus, its fossil CO2 emissions are zero. Additionally, it will decrease the energy costs of the Hürth mill," says Anu Ahola, Senior Vice President, Newspaper Publishing, UPM Paper ENA.

UPM continually looks to reduce its carbon footprint through the use of renewable energy. "Also, a reuse of the existing renewable energy plant is a good example of our corporate responsibility," adds Anu Ahola.

UPM has been actively seeking alternatives for use of the Myllykoski site and its equipment after closing the mill in 2011.

For further information please contact:
Anu Ahola, Senior Vice President, Newspaper Publishing, UPM Paper ENA,
tel. +358 2041 50130, anu.ahola@upm.com

Jochen Sautter, Blue Energy Europe GmbH, Edisonallee 27, 89231 Neu-Ulm
tel. +49 731 1466 1471, js@blue-energy-europe.com

UPM, Media Relations
9.00-16.00 EET
tel. +358 40 588 3284
media@upm.com

About UPM Hürth
UPM Hürth paper mill is located in the outskirts of Cologne, in Western Germany. Since 2002 the mill has produced high quality paper for newspapers and advertising supplements from recovered paper. Annual production capacity of the mill is up to 330,000 tonnes of newsprint and it employs approx. 120 people.

About Blue Energy Europe
Blue Energy Europe is specialised in the development and implementation of sustainable energy infrastructure projects. www.blue-energy-europe.com

About UPM Paper ENA
UPM Paper ENA (Europe & North America) is the world's leading producer of graphic papers, serving customers in Magazine Publishing & Advertising, Merchants, Home & Office, and Newspaper Publishing. A leader in sustainable and high performance papers, UPM Paper ENA's production is located in Finland, Germany, the United Kingdom, France, Austria, and the United States. With headquarters in Germany, UPM Paper ENA employs approximately 9,000 people. To learn more about UPM Paper ENA visit: www.upmpaper.com

About UPM
Through the renewing of the bio and forest industries, UPM is building a sustainable future across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Paper Asia, UPM Paper Europe and North America and UPM Plywood. Our products are made of renewable raw materials and are recyclable. We serve our customers worldwide. The group employs around 19,600 people and its annual sales are approximately € 10 billion. UPM shares are listed on NASDAQ OMX Helsinki. UPM - The Biofore Company - www.upm.com

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