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 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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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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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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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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The business, which produces pulp for the paper industry, had to pay close attention to the currency markets as its costs were in euros and its prices in dollars.

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Under a CHP standard, the chemicals industry would generate nearly 200 billion kWh by 2035, compared with a more modest expansion for pulp and paper, which grows to about 75 billion kWh.

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