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Sappi approves construction of demonstration plant for Xylitol & Furfural production in line with strategic biorefinery plans
Sappi announced today further progress in the development of its biorefinery capacity with the confirmation that it will construct a demonstration plant to further scale up its novel Xylex® technology for the production of Xylitol and Furfural.
Sappi to fund research on Artificial Intelligence and bringing carbon emissions to net zero in the paper and pulp industry
Sappi to fund research on Artificial Intelligence and bringing carbon emissions to net zero in the paper and pulp industry as one of the founding partners of The Prince of Wales Global Sustainability Fellowship Programme
19th Annual Grant Program Enables Social Good through Creative Design.
Commenting on the results, Sappi Chief Executive Officer Steve Binnie said: “I am very satisfied with our performance for this quarter as reflected by increased sales, EBITDA and net profit. I’m particularly pleased that all regions were able to deliver higher sales volumes despite the short-term impact of the expansion and conversion projects. We faced higher raw material costs, in particular pulp, for our paper businesses but were able to increase selling prices to offset most of this impact. The acquisition of the Cham speciality paper business was completed during the quarter and the integration into Sappi is moving ahead smoothly.”
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