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    ORON   CH0111677362

ORIOR AG

(ORON)
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ORIOR : Biotta relies on domestic wood as energy source

12/02/2019 | 10:05am EDT

Biotta and Rathgeb Bio share a focus on organic agriculture and the pursuit of innovative, sustainable solutions, so the decision to work together on this project came easily. The result of the joint project is a new woodchip heating system next to the Biotta juice factory in Tägerwilen, which was officially opened at the end of November.

Long before the federal regulations on CO2 neutrality come into force in 2050, Biotta is now already climate-friendly. With the new woodchip heating system, Biotta entirely relies on the regenerative raw material of wood from the region to generate energy. Parts of the trees that are not usable as valuable timber (branches, treetops, malformed trunks) are chopped up and fed into the combustion process as untreated forest wood. The annual timber growth in the entire canton of Thurgau amounts to 175,000 cubic metres, enough to fill 70 Olympic-size swimming pools. The new woodchip heating system uses around three per cent of that amount per year.

The introduction of the woodchip heating system reduces the CO2 emissions of Biotta by a total of 2,500 tons per year. Therefore, the Swiss organic pioneer Biotta will be able to cover the entire energy requirement for all production processes and office space with woodchip heating.

More information:
https://biotta.ch/de/stories/2019/10/30/biotta-setzt-auf-heimisches-holz-als-energiequelle/?back=/de/stories/

Disclaimer

Orior AG published this content on 02 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2019 15:04:04 UTC


© Publicnow 2019
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Sales 2021 616 M 681 M 681 M
Net income 2021 26,2 M 28,9 M 28,9 M
Net Debt 2021 143 M 158 M 158 M
P/E ratio 2021 21,2x
Yield 2021 2,77%
Capitalization 556 M 614 M 614 M
EV / Sales 2021 1,13x
EV / Sales 2022 1,08x
Nbr of Employees 2 028
Free-Float 97,9%
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Number of Analysts 4
Last Close Price 85,50 CHF
Average target price 85,00 CHF
Spread / Average Target -0,58%
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Managers and Directors
Daniel Lutz Chief Executive Officer
Andreas Lindner Chief Financial Officer
Rolf U. Sutter Chairman
Monika Friedli-Walser Non-Executive Director
Walter Lüthi Non-Executive Director
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