ENCE Energía y Celulosa, S.A.

Ence Energía y Celulosa, S.A. is a Spanish industrial group headquartered in Madrid, established in 1968, and recognized as Europe's leading producer of short-fiber eucalyptus pulp and Spain's largest independent generator of renewable energy from biomass. The company operates a circular bioeconomy model across two core segments: Pulp and Renewables. Its Pulp division manufactures bleached hardwood kraft pulp (BHKP) at biofactories in Navia (Asturias) and Pontevedra (Galicia), with a combined annual capacity of 1.2 million tons, focusing on high-margin differentiated products like Ence Advanced and fluff pulp for tissue, hygiene, and sustainable applications replacing plastics. The Renewables segment, through Ence Renovables and affiliates like Magnon Green Energy, manages 266 MW of installed biomass capacity—holding 43% Spanish market share—and pursues expansion into biometano, organic fertilizers, and thermal energy, targeting over 3 TWh by 2030. Ence oversees nearly 70,000 hectares of Iberian forestland, with 23% for conservation, ensuring sustainable wood sourcing, carbon sequestration of over 600,000 tons of CO₂ yearly, and full ESG certification. This integrated approach balances cyclical pulp dynamics with stable renewable revenues, enhancing market resilience and sustainability leadership.