Scottish cleantech innovators Celtic Renewables launched its Crowdcube funding campaign on the back of investor appetite to fund companies with environmental, social and governance (ESG) factors. With commissioning of Celtic Renewables’ biorefinery in Scotland – the first of its kind in the UK – on track for Spring 2021, and on the back of £30 million funding already raised; the business is poised to play a pivotal role in the UK’s transition to net-zero economy.
Finnish company UPM takes the next transformative growth step and enters the biochemicals business by investing in a biorefinery at Leuna, Germany. The biorefinery will produce a range of 100% wood-based biochemicals which enable a switch from fossil raw materials to sustainable alternatives in various consumer-driven end-uses. The investment opens totally new markets for UPM with large growth potential for the future.
“INA as a social and environmental responsible middle European company has recognized value of bioeconomy in fighting climate change, and through its development activities is constantly seeking for advanced technologies, which can be used to align with global trends, as well as to enable creation of new opportunities for the company”. To say it – in this exclusive interview with Il Bioeconomista – is Mladen Istuk, director of the biorefinery project development department at INA, the Croatian oil company.
In this exclusive interview with us, he talks about what INA is doing in the circular bioeconomy and its involvement in the BBI JU Demo Project GRACE. And also about the Croatian bioeconmy
Interview by Mario Bonaccorso
Versalis, the chemical division of the Italian oil company Eni, confirms that it is in the process of implementing an action plan that will lead to a resumption of operations at the former biorefinery of Mossi Ghisolfi Group in Crescentino, which were acquired in November 2018. New 35 hires are expected by the end of the year.
Pöyry Finland Ltd has completed a survey on socio-economic impacts of KaiCell Fibers’ biorefinery in Finland. According to the survey, the impact on the total output of Finland is close to one billion euros and over 700 million euros in the Kainuu province alone.
The on-going biorefinery project has a very remarkable impact on regional economy and employment. Through the indirect effects of the biorefinery, 1190 jobs are created in Kainuu region when the mill is operational. At national level, the employment effect is almost 2000 jobs. The impact of the construction period is 6400 person-years in Finland. Once mill is in operation, the increase on gross national product of Finland will be about 0,2% and in the area province of Kainuu, the increase will be 12 %. Continue reading
The Environmental Impact Assessment (EIA) for UPM’s possible Kotka Biorefinery in Finland has been completed and given to the authorities for their final conclusions. The UPM Kotka Biorefinery would produce approximately 500,000 tonnes of advanced biofuels made from sustainable raw materials for use in the road transport, marine and aviation sectors. The biorefinery’s products could also be used for replacing fossil raw materials in the chemical industry.
We receive and publish with pleasure this contribution sent by professor Olli Dahl (Aalto University, Finland), who presents a list of all the main investments and their products in Finnish bioeconomy, and considers whether the country’s forest resources can cope with so much new potential capacity in the forest industry sector.
“The Ipo (Initial public offering, editor’s note) of Versalis is not yet in Eni’s plans”, Massimo Mondazzi, CFO of the Italian oil giant, said last Friday during a conference call with analysts answering the question about the chemical quotation hypothesis. “We want to maintain and strengthen Versalis, there are no Ipo projects. The option is not in the plans,” he said.
Finnish pulp and paper giant UPM moves forward with the development of biochemicals business by evaluating the potential of building a biorefinery in the Chemical Park Frankfurt-Höchst in Germany. The new-to-the-world biorefinery would combine novel technologies and utilize sustainable wood raw material in an innovative way. This opportunity is the outcome of more than five years of extensive technology development and piloting.
Avantium, the Dutch forerunner in renewable chemistry, locates a new pilot biorefinery at Chemie Park Delfzijl, in the Netherlands. Avantium and chemical giant AkzoNobel have signed a contract for the pilot plant accommodation and the supply of various facilities and services. The pilot plant will validate the technical and economic feasibility of Avantium’s Zambezi process, which aims to convert woodchips and other second generation biomass into raw materials for the chemical industry. This is an essential step in scaling up the technology from lab to commercial operations.