Borregaard ASA: Capacity increase for bio-based vanillin

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Borregaard will increase the production capacity for bio-based vanillin at the Sarpsborg site in Norway. The project, which represents a debottlenecking of the existing facility, has a total cost of NOK 130 million. Construction will start during the second half of 2019, and completion will be in the first half of 2021. The project represents an expansion of the current capacity by at least 250 tonnes. As a first effect, part of the increase in production will be realised already before the end of 2019.

Borregaard is the world’s biggest producer of bio-based vanillin. The company’s unique product made from spruce wood has been manufactured at the Sarpsborg biorefinery since 1962, and is sold to customers globally.

Demand for bio-based ingredients to the food, beverage and cosmetics industry, that can replace petrochemicals, has increased significantly during recent years.

Sarpsborg, 19 June 2019

Contact:
Jørn Syvertsen, Director Investor Relations, +47 958 36 335

This information is subject to the disclosure requirements pursuant to Section 5 -12 of the Norwegian Securities Trading Act.