Murim Group Launches Eco-Friendly High-Efficiency Recovery Boiler at Ulsan Pulp Plant

Murim Group has completed a major investment in an eco-friendly, high-efficiency recovery boiler at its Murim P&P plant in Ulsan, Korea, now operating commercially after two years of construction. The boiler converts "black liquid," a biomass fuel byproduct from pulp manufacturing, into renewable energy such as electricity and steam, boosting sustainability and energy independence. Murim P&P is Korea's sole pulp producer. The new facility is projected to save around 50 billion won annually in energy costs, with investment recovery expected within seven years, excluding external factors. While the investment temporarily raised Murim Paper’s consolidated debt ratio, recent bond issuances and refinancing have significantly reduced borrowing, improving the financial stability of the parent company. Murim aims to monetize surplus energy sales and is advancing R&D into new pulp materials including pulp mold, paper wet tissue, and nanocellulose, leveraging its pulp production strengths for future growth.