AIPM Power Plant Ltd. is in advanced process to build a bio-power plant at American Israel Paper Mills Ltd. (AIPM) site.
The power plant will implement a Bio Gas engine technology. The power plant's capacity will be 1.8 MWe.
AIPM is located in Hadera, approximately 90 km from Jerusalem.
Due to its use of renewable energy, the power plant will supply all its electricity to IEC grid in accordance to the Public Utility Authority – Electricity.
The Hadera Paper Group:
The Hadera Paper Group, including AIPM, is the market leader in the paper and paper products market in Israel.
The company is engaged through its subsidiaries in the manufacture and sale of a broad range of products including: a variety of printing and writing paper, packaging paper, corrugated board containers and packaging for consumer goods, household consumer products including disposable paper products and diapers, hygiene products and additional disposable consumer products. Furthermore, the Group engages in the marketing of office supplies to the institutional and business sectors.
The Group is a public company whose shares are traded on the Tel Aviv Stock Exchange (TASE). The main shareholders of the company are Clal Industries and Investments Ltd. of the Len Blavatnik Group.