Finland: 500.000-Ton-Biorefinery World-Scale Biorefinery to Produce Renewable Fuels — Including Sustainable Jet Fuel
With biofuels growth plans and the start of a basic engineering phase of a next generation biorefinery, UPM Biofuels is planning to significantly increase their capacity. The potential biorefinery would have an annual capacity of 500,000 tonnes of high-quality renewable fuels including sustainable jet fuel.
Helsinki/Finland — A new biorefinery is to scale up UPM’s biofuels business to a new level. At the same time, it is to further improve long term competitiveness and sustainability performance of the company by introducing several sustainable feedstocks and achieving high CO2 emission reduction compared to biofuels currently in the market. UPM’s solid wood biomass-based residues and side streams would play a substantial role in the feedstock pool. In addition, it would consist of sustainable liquid waste and residue raw materials.
The company will now proceed with a detailed commercial and basic engineering study to define the business case, select the most innovative technology option and estimate the investment need. The technology concept includes the use of green hydrogen in the production process. During the study UPM will also review the operating environment primarily in two locations: Kotka, Finland and Rotterdam, the Netherlands. The estimated duration of this basic engineering phase is minimum 12 months. If all preparations are concluded successfully, UPM would initiate the company’s standard procedure of analyzing and preparing an investment decision.