Press releases

Green Fuel Nordic Oy invests 150 MEUR in new biorefinery plants in Finland

13.10.2011

Green Fuel Nordic Oy and Envergent Technology LLC, a Honeywell company, have agreed to collaborate to use RTP™- technology for new biorefinery plants in Finland. As a first phase Green Fuel Nordic will build three biorefinery plants with target to have the first one in production in early 2013.The total production capacity of the three plants will be about 270 000 tons of bio-oil and the usage of forestry-based feedstock about 1 million cubic meters annually. As a reference point – this annual production of bio-oil corresponds to energy usage of 60 000 private homes in Finland yearly.

”Envergent RTP™-technology will provide a great opportunity to support the strategically important distributed energy production in Finland. Green Fuel Nordic’s biorefinery investments will provide a strong roadmap to produce liquid biofuels leveraging local forestry-based feedstock” says Vesa Kainulainen, chairman of the board, Green Fuel Nordic Oy.

New production plants will create up to 300 jobs in production and forest and oil logistics.

”Using commercially available technology we can reach the targeted share of renewable energy produced in Finland faster. At the same time we can offer employment and create demand for forest biomass in regions impacted by the structural change of the traditional forest industry”, says Timo Saarelainen, CEO, Green Fuel Nordic Oy.

Additional information:

Mr. Timo Saarelainen
CEO, Green Fuel Nordic Oy
Phone: +358 40 7076640

Mr. Vesa Kainulainen
Chairman of the board, Green Fuel Nordic Oy
Phone: +358 40 9669000

Green Fuel Nordic Oy is a Finnish biorefining company. Company´s business idea is to utilize the already commercially proven RTP™ technology for production of second-generation bio-oil from local, renewable forest-based biomass. The off-take is a liquid, low-carbon and sulfur-free bio-oil that can directly replace light and heavy fuel oil in renewable energy applications. In the upcoming years, Green Fuel Nordic Oy aims to build several biorefineries in Finland. The company, established in October 2011, is headquartered in Kuopio, Finland.
www.greenfuelnordic.fi

Share Print