Norske Skog Saugbrugs and Green Mountain are pleased to announce that they have
entered into a letter of intent to jointly explore the feasibility of
establishing a data centre in Halden.
"This collaboration offers an exciting opportunity for long-term value creation
and activity in Halden. In parallel, we continue to review a rebuild of PM6 for
production of SC magazine paper and kraftliner. We expect to provide an update
on these processes during the second quarter this year," says Geir Drangsland,
CEO of Norske Skog.
The Saugbrugs industrial site has been identified as a suitable location to
establish a data centre, which would deliver valuable and globally attractive
digital services. Earlier this year, Saugbrugs initiated a zoning process to
permit data centre operations at its industrial site. Going forward, Saugbrugs
and Green Mountain will work together with the municipality and local
stakeholders to conclude the process in line with standard regulatory
procedures. Establishing a data centre could deliver significant local economic
benefits, including increased investment, value creation, and job opportunities.
"We are pleased to explore this opportunity with Saugbrugs. The site offers
unique advantages for data centre operations, and we look forward to working
together to assess this potential," says Halvor Bjerke, Managing Director
Nordics of Green Mountain.
ABG Sundal Collier is acting as financial adviser to Norske Skog ASA in
connection with the process.
About Norske Skog
Norske Skog is a producer of packaging paper and publication paper across four
mills in Europe. Packaging paper includes testliner and fluting and publication
paper includes newsprint and magazine paper. The annual production capacity of
packaging paper is 0.8 million tonnes, and the annual production capacity of
publication paper is 1.3 million tonnes. Packaging paper and publication paper
are sold through sales offices and agents. Norske Skog has approximately 1 650
employees and the parent company, Norske Skog ASA, a public limited liability
company, is incorporated in Norway and has its head office in Oslo. The company
is listed on Oslo Stock Exchange with the ticker NSKOG.
About Norske Skog Saugbrugs
Norske Skog Saugbrugs has 350 employees including apprentices with a turnover of
NOK 1.8 billion, and a production capacity of 200 000 tonnes of SC magazine
paper with main markets in Europe. Saugbrugs annually produces 2.7 million cubic
meters of biogas.
About Green Mountain
Green Mountain designs, builds and operates highly secure, innovative and
sustainable data centres in Norway, Germany, and the UK. The data centres are
powered by low-cost, 100 per cent renewable power and are world-leading on
energy efficiency.
For contact information, please see the attachment.