Danske Bank is proud to have provided SunPine AB with a SEK 200m green loan. The revolving credit facility will finance parts of the investment in a new tall diesel production plant in Piteå.
The total investment will amount to approximately SEK 400m, and is expected to be ready for production by the end of 2020. Sunpine is a leading producer of second generation biofuels - the tall oil is a residual product from the pulp industry, which is turned into unique tall diesel and, after refined by Preem, sold to Sweden’s motorists as the only Nordic Swan eco-labelled diesel.
SunPine's annual production of tall diesel reduces fossil CO2 emissions by 250,000 tonnes per year, equivalent to the emissions from 157,672 vehicles!