Swedish Government Keeps the Energy Tax on CTO

As part of its budget proposal, the Swedish government did not consider it necessary to make changes to the current taxation on crude tall oil (CTO) in Sweden.

The decision will enable Arizona Chemical to continue with its operations and mission to optimize the forest products value chain. Juhani Tuovinen, Managing Director Europe said “Incentives for CTO use as a renewable energy source will contribute little to economic, social and environmental sustainability and will lead to increased use of non-renewable substitutes, threatened viability of a profitable green and renewable based industrial sector and significantly higher CO2 emissions. The decision is important for Arizona Chemical and also for the society and environment.”