Billerud, a key player in Sweden's packaging sector, has joined Industrikraft to bolster Sweden's capacity for competitive fossil-free electricity.

Industrikraft serves as a collaborative platform for Swedish industrial companies to secure a sustainable energy supply. This initiative aims to support climate targets and boost the global competitiveness of the Swedish industry.

Industrikraft facilitates discussions on financing, securing, and developing Sweden's future energy system.

The platform was initiated in early 2024 by Alfa Laval, Boliden, SKF, Stora Enso, and Volvo Group.

In late 2024, Billerud joined the body as an equal shareholder alongside ABB, AFRY, Alleima, Epiroc, Hitachi Energy, Höganäs, Saab, SSAB, Södra, Vectura, and Volvo Cars.

Billerud president and CEO Ivar Vatne said: “There is great potential to improve collaboration between industry and society to create a competitive and electrified Sweden. Industrikraft provides a pathway for better analysis and clearer communication from energy-intensive industries.

“Electrifying the industry and reducing fossil emissions are important for us at Billerud, which is why we welcome the expansion of fossil-free electricity. We want to help shape Sweden’s future energy model.”

Globally, approximately 80% of energy consumption is fossil-based. Billerud is committed to reducing its fossil emissions by 42% by 2030, aligning with its Science Based Targets.

This effort reflects the company's dedication to sustainability and reducing its environmental impact.

Billerud is a paper and packaging materials company focusing on sustainability and customer value.

Recently, the company launched MediKraft SealBase, a new surface-treated medical paper, catering to the growing demands of the medical packaging industry.

Billerud has received a gold rating from EcoVadis in recognition of its strong green credentials. This achievement places Billerud among the top 5% of surveyed companies worldwide.