This is one of the largest paper mills in the Nordic region. From its origin, the mill manufactured paper primarily from recycled materials, and the basic idea is still alive today. Every year the paper mill manufactures thousands of tones of paper and cardboard from 100% recycled paper collected from all over the country.
Although the mill has made many changes, including becoming ISO 50001 certified, and invested heavily in modernization of production facilities, paper production is still an energy intensive process. And thus, the paper manufacturer needed an electricity procurement and risk management adviser who would help to continuously keep an eye on energy prices and be ready to respond quickly to market fluctuations.
World Kinect moved the paper mill to an active price risk management and to trading directly on the exchange to take advantage of electricity market price volatility - a dynamic approach that delivered results.
World Kinect worked together with the customer to develop an active approach that addressed the high electricity consumption at the plant and market fluctuations.
Once the procurement and hedging parameters were finalized, World Kinect energy experts traded and hedged independently, within the agreed mandates, when the signals in the market are right for them.
There is full transparency with comprehensive online reporting through World Kinect award-winning online customer portal, and the opportunity to continuously review the developments and changes in the mill’s portfolio.
At the same time, the customer has access to a local energy expert to answer any and all questions about the energy markets.
Allowing World Kinect to manage the electricity portfolio freed up the mill’s internal resources, giving them the chance to focus more on their core busiess. With minimal internal resources, the customer secured the best possible return based on their agreed strategy - a strategy that has resulted in savings of up to 15%.
