Fortum - is pure North European Energy

Fortum Corporation was founded in 1998, when the IVO Group (power and heat) and the Neste Group (oil and gas) were combined into a new company Fortum.

Today Fortum is one of the leading Nordic energy companies, covering the entire energy chain, from production, refining, distribution and marketing of oil and gas to engineering, sales and distribution of electricity and generation of power and heat. Fortum supplies society's basic commodities: electricity, heat, and traffic and heating fuels. Customers are private consumers, other oil and electricity companies, industry and municipalities.

Fortum is the market leader in the production and marketing of high-quality pro -environmental petroleum products in the Baltic Rim area. Fortum has worked hard to develop the environmental properties of its products. Fortum's product range includes all petroleum products, ranging from base oils to gasolines and bitumen. Reformulated Futura gasolines and City Diesel for the most part already comply with the EU's quality requirements for traffic fuels, which enter into force in 2005. A network of more than 1,000 service stations operates in Finland, the St. Petersburg area, the Baltic countries and Poland.

Fortum uses a variety of energy sources for the production of electricity and heat: renewable hydropower and wind power, renewable and fossil fuels, and nuclear power. Fortum applies best available techniques to reduce environmental impacts and risks of production. Fortum Energy Partners offer homeowners a comprehensive service package through which customers an order fuelwood and home appliance maintenance services or even obtain a solar power system for their holiday residence. Environmentally aware consumers may choose to satisfy their domestic electricity needs using the Wind Electricity option or Norppa (ringed seal) Electricity produced by hydropower and biofuels, which complies with the requirements of the "Norppa recommends eco-energy" label of the Finnish Association for Nature Conservation. All Fortum Energy Partners' customers receive an environmental product declaration for the purchased electricity on request.

Small and medium-size companies may supplement their electricity procurement by either the efficiency-improving Optimisation Services or environmentally focused Norppa services. The Optimisation services include energy audits and a company-specific consumption report. The Norppa Services are based on the Norppa Electricity product, and customised services may include environmental audits helping customer to reduce the environmental impacts of their operations.

Fortum's Engineering offers a wide range of planning, construction and maintenance services in the energy sector. Fortum's strong competence areas include combined heat and power production, use of biofuels, advanced combustion techniques and flue gas cleaning systems, energy-efficient process technology and advanced process control. The Engineering sector has customers in over 50 countries.

In 1999 the net sales totalled EUR 8,232 million. The number of employees is 14,000.

Fortum is listed in Helsinki Stock Exchange.

www.fortum.com

communications@fortum.com

 

Click here to obtain a copy of RENEWABLE ENERGY 2008