Meriaura’s sustainability report 2023 published: increased use of bio-oil in the fleet

Meriaura Group Plc
Investor news                                                                                                             22 April 2024 at 13.45 (CEST)

Meriaura’s sustainability report 2023: increased use of bio-oil in the fleet

The sustainability report for the year 2023 of Meriaura Group Plc's subsidiary, Meriaura Ltd, has been published.

According to the report, Meriaura increased the use of bio-oil in its fleet. This was achieved by a development project through which the quality, quality monitoring, and production volumes of self-produced bio-oil were elevated to a level that allows for its broader use as fuel for Meriaura's fleet.

Meriaura also prepared for tightening regulations by developing a more systematic emissions monitoring system. Previously, only the most environmentally significant emissions were reported, specifically emissions from ships. Now, for the year 2023, emissions are reported more comprehensively, for instance, including those from certain land vehicles of the company as well.

According to Meriaura's Sustainability manager Esko Pettay, 'It has been a pleasure to see that sustainability issues are no longer just concerns for a small group, but overarching themes that are worked on daily in every department of our organization.'

The sustainability report can be accessed on the company's website at https://meriaura.fi/en/sustainability-report-2023/. The report is available in both Finnish and English.

MERIAURA GROUP PLC

Further information:

CEO Kirsi Suopelto

Tel: +358 505 602 349

Email: [email protected]

Meriaura Group in brief

Meriaura Group has two business areas: Marine Logistics and Renewable Energy.

Marine Logistics business is carried out by Meriaura Ltd, which is a major provider of transport for bulk cargo and demanding project deliveries in Northern Europe, especially in the Baltic Sea and North Sea regions. The company provides its customers with competitive and low-emission marine transport services, based on long-term affreightment agreements, modern fleet, and active development of its operational sustainability. In addition, Meriaura has a strong market position in the marine logistics in renewable energy construction projects.

The Marine Logistics business also includes VG-EcoFuel Ltd which produces biofuels from bio-oils and recycled oils generated as industrial by-products.

The Renewable Energy business focuses on comprehensive clean energy systems. Meriaura Energy Ltd designs and delivers clean energy production systems as comprehensive deliveries for industrial use and district heating. The energy production is based on large-scale solar thermal systems implemented using high-performance solar thermal collectors manufactured by the company. The Renewable Energy business also includes Rasol Ltd, specialised in delivering high-quality solar power systems for real estates, companies and solar parks.

Meriaura Group’s share is listed on Nasdaq First North Growth Market Sweden as MERIS and on Nasdaq First North Growth Market Finland as MERIH.

www.meriauragroup.com

The Company’s Certified Adviser is Augment Partners AB, [email protected], tel.  +46 8 604 22 55.