Norske Skog Saugbrugs: Opening of a biocomposites factory with signing of a long-term customer agreement

Minister of Trade and Industry, Jan Christian Vestre, has today officially
opened the new biocomposite plant at Norske Skog Saugbrugs in Halden. Norske
Skog sees great commercial and environmental potential in the production of
biocomposite through the subsidiary CEBICO AS.

Minister of Trade and Industry Jan Christian Vestre said during the opening
ceremony: "Norway has fantastic opportunities in the forest and wood processing
industry. It is inspiring to see how Norske Skog invests and rigs itself for the
future. We fully welcome this new biocomposite plant, which demonstrates the way
into the green shift. "

Managing Director, Per Ivar Berg, at Norske Skog Saugbrugs says: «- Norske Skog
Saugbrugs has a proud history when it comes to using Norwegian forest as a
high-quality raw material. CEBICO is just one of several circular economy
projects at Saugbrugs, and with a highly competent research and competence
environment, we have the right tools to create an even more sustainable wood
industry ».

Norske Skog's biocomposite product CEBICO is a more sustainable alternative to
plastic, which can be included in furniture, packaging and car interiors, among
other things. CEBICO is produced from mechanical wood fibre pulp (TMP) and
recycled plastic. By replacing 1 kg of plastic with wood fibre pulp,
CO2-emissions are reduced by the equivalent of 6 kg.

«- We are very glad to finally be able to open our pilot plant for biocomposite
at Norske Skog Saugbrugs. Through a lot of development and testing, we have
created a new product from both recycled and renewable raw materials, which can
help solve the world's plastic problem. Now we will use our many years of fibre
expertise to create robust and commercial value chains for further investment,
says Hugo Harstad, general manager of CEBICO.

Norske Skog Saugbrugs, together with its research and industry partners, has
been awarded NOK 60 million in research funding from the Research Council and
Innovation Norway under the Green Platform, a joint initiative that provides
support for research and innovation-driven green transformation in the industry
sector. The portfolio of products to be developed aims to remove or greatly
reduce the use of petroleum-based raw materials and harmful materials, as well
as to contribute to increased recycling of plastics, as well as further develop
Norske Skog's nanocellulose product CEBINA and commercialize the use of
nanocellulose. Nanocellulose is used as a replacement for fossil-based products,
including paints and epoxy coatings.

In order to build up the demonstration plant with a production capacity of 300
tonnes, Norske Skog Saugbrugs has previously also received support of NOK 15
million from Innovation Norway. Norske Skog is currently working on several
green growth initiatives, in addition to the traditional production of newsprint
and magazine paper.

«- CEBICO does not just represent something new. CEBICO is the core of the green
shift. The work with CEBICO is just one of Norske Skog's contributions to the
green transition. The group works continuously to create new and innovative
products that have significantly lower carbon footprints than their traditional
counterparts. In this way, we can create green jobs and accelerate the
industrialization of new, bio-based products, both in Norway and at our
factories abroad", says Sven Ombudstvedt, CEO of Norske Skog ASA

Commercial agreement:
CEBICO has recently entered into a long-term commercial agreement with the
companies BEWI and BEForm, which will help to further develop and market CEBICO.
BEWI is an international supplier of packaging, components and insulation
solutions, with products from both polymers and fiber, while BEForm specializes
in injection molded plastic products.

«BEWI and BEForm see Norske Skog's CEBICO investment as an exciting solution,
based on a combination of Norwegian industrial knowledge within fibre and
polymers, which will be a good contributor to the world's common goal of
reducing CO2-emissions. Such a solution coincides with our sustainability goals,
and it is natural that we want to be part of the project, when it now enters a
phase of industrialization ", says the leader of BEWI Norway, Stein Inge Liasjø.

CEO of Norske Skog Saugbrugs Per Ivar Berg says: «- The collaboration with BEWi
will be a cornerstone for success in establishing biocomposite as a replacement
product for fossil-based products. In terms of quality, this is now an
equivalent product to many fossil alternatives. This is an important step for
Norske Skog Saugbrugs in synergy with the existing wood processes in the
company. "

About Norske Skog
Norske Skog is a world leading producer of publication paper with strong market
positions and customer relations in Europe and Australasia. The Norske Skog
Group operates four mills in Europe, two of which will produce recycled
containerboard following ongoing conversion projects. In addition, the Group
operates one paper mill in Australia. Norske Skog aims to further diversify its
operations and continue its transformation into a growing and high-margin
business through a range of promising energy and bio product development
projects. The Group has approximately 2 100 employees, is headquartered in
Norway and listed on the Oslo Stock Exchange under the ticker NSKOG.

Norske Skog
Communications and Public Affairs

For further information:
Norske Skog media:
Vice President Communication and Public Affairs                                 
Carsten Dybevig
Email: [email protected] 
Mob: +47 917 63 117

Norske Skog financial markets:                                                  
Investor Relation Manager
Even Lund
Email: [email protected] 
Mob: +47 906 12 919

Click here for more information

© Oslo Bors ASA, source Oslo Stock Exchange

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