Forest and bio-based businesses are, without a doubt, among the most important industries for mitigating climate change, combating biodiversity loss and rising pollution, and in reducing wasteful use of natural resources. Our position is unique. Our industry is working with a diverse renewable raw material, that offers limitless options for reducing emissions by substituting fossil alternatives.
Common reasons for not reaching the full potential of tall oil are outdated technology, not enough demand for CTO, and remote locations making it unfeasible to extract and ship elsewhere. Outdated technology can be solved through investments into modern extraction technologies, which are far better compared to the ones developed in the 1980s and 1990s.
Digitalization is used to create revenue, improve business, and to replace and transform business processes. Digital solutions offer tools for more competitive ways to run business. Digitalization is increasingly utilized to reach a higher sustainability performance and to meet the requirements of increased visibility and transparency in the end-to-end supply chain. A digitalization strategy is needed to deploy the full potential of digitalization, also in terms of sustainability.