Exchange specialised for the global pulp and paper industry

Since 2016, NOREXECO has been a benchmark provider for pulp futures and fibre markets — delivering independent market intelligence to producers, traders, and investors worldwide.

Business focus

Built on Principles that Matter

Data Integrity

Every index we publish is independently verified and derived from real transaction data across multiple market participants.

Global Reach

Our market intelligence covers trade flows across Europe, Asia-Pacific, and the Americas, delivering a truly global perspective.

Market Precision

Granular price discovery methodology ensures our indices reflect true market conditions, not lagging survey data.

Sustainability Focus

All NOREXECO products are on green forest based and renewable products

Our History

A Decade of Market Innovation

2012

NOREXECO was established

2014

Received licence as regulated market place

2016

The first futures transaction at NOREXECO.

2019

Recycled OCC and packaging-grade coverage expanded

2021

Benchmark administrator for Shanghai Pulp

2022

API access and real-time data feeds introduced

2025

Launches Market Supporter Program/Liquidity Program

2026

The delisting of European Gross Price contracts and listening of spot based futures contracts for Europe

Organization

Our Team

Stein Ole Larsen

CEO

Morten Erichsen

COO

Jonathan Studsrød

CFO

Anita Skjong

Director Markets

Hannu Hara

Desk Manager

Janette Bråten

Operations Manager

Andreas Stangnes

IT Operations Manager

Mikkel Blaker

Portfolio Manager

Markus Stangnes

IT Operations Assistant

Organization

Board of Directors

KK

Kåre Krogstad

Chairman

JT

Jan-Petter Torgersrud

Member

AD

Anne Delphin

Member

ML

Mari Lie

Member

NL

Nils-Håkon Lie

Member

TL

Tron Lie

Deputy

Ownership

Shareholder Overview

Data as of 25 February 2026

ShareholderNumber of sharesShare %
ARE EIENDOM AS7 860 06037,9 %
RINGSTAD INVEST AS1 759 2948,5 %
SVENSKA HANDELSBANKEN AB (nom.)1 735 0978,1 %
GSG HOLDING AS961 6664,6 %
SVENSKA HANDELSBANKEN AB (nom.)867 5484,2 %
Danske Bank A/S (nom.)760 0003,7 %
Danske Bank A/S (nom.)760 0003,7 %
GEC HOLDING AS578 3342,8 %
TORGERSRUD HOLDING AS523 2022,5 %
I. LARSEN AS519 3362,5 %
Wild One AS508 3342,5 %
LJM AS491 0682,4 %
FLADEBY INVEST AS301 7281,5 %
T.L. INVEST AS267 7831,3 %
OTHER2 833 44813,7 %
TOTAL NUMBER OF SHARES20 726 898100,0 %