Formic acid news

Heat pump under construction will use waste heat and renewable electricity to generate ~500,000 t/yr CO₂‑free steam (50 MW), cutting ~100,000 t CO₂/yr for formic acid production; commissioning mid‑2027.

Increase effective immediately or as contracts permit. Formic acid used to acidify and microbially stabilize feed, silage and drinking water, and as a chemical process agent/intermediate.

The project will cut 100,000 tons of CO2 annually, using renewable energy for steam production, with completion set for mid-2027.

The heat pump will cut emissions by 100,000 tons annually, using waste heat and renewable energy, with commissioning set for 2027. The project receives up to €310 million in government funding.

The Oulu plant expansion increases formic acid production by 30%, adds tank capacity, and enhances technology and energy efficiency, strengthening market position.