The company, which now employs 17, 700 people around the world, supplies plant, equipment, and services for hydropower stations and the pulp and paper industry, and is also involved in the production of animal feed and biomass pellets, among other ventures.

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The oil multinational hopes its improved trees, now growing in test sites in Uruguay and Chile, will prove a boon to the pulp and paper industry.

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It can then be turned into plantations growing palm oil, rubber and fast-growing trees for the booming pulp-and-paper industry.

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In fact, investment rates for the electricity sector are the lowest of any major industrial sector, with the exception of the pulp and paper industry.

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The food industry starts at only about 5 billion kWh today, but grows to more than 50 billion kWh in 2035, nearly matching the pulp and paper industry.

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