The Catalan paper group Miquel y Costas presented this Thursday its new investment plan worth 130 million euros until 2029. Specifically, as the industrial company has detailed, over the next three years it will allocate up to 47 million euros to technological improvements in the production process. The group also plans to allocate 33 million to infrastructure, 30 million to sustainability, and 20 million to automation and digitization of processes. Among all the planned investments, the opening of two biomass plants in Catalonia stands out.

The paper mill Miquel y Costas & Miquel has had to renounce the aid it had been granted through the PERTE (Spanish Regional Government of Catalonia) due to the delay by the Generalitat (Catalan Government) in granting authorizations for a biomass plant in La Pobla de Claramunt, where it has one of its industrial facilities. The €1.9 million was supposed to be spent by spring of next year, but the company is finding it impossible to obtain the permits and build the plant on time.