Biorefinery Östrand has agreed to an EU innovation grant
Biorefinery Östrand, a company jointly owned by SCA and Finnish energy company St1, signed an agreement with the European Climate, Infrastructure and Environment Executive Agency (CINEA) at the beginning of December, which entitles the company to an innovation grant of approximately EUR 167 million in the event of a future investment decision. The agreement stipulates that any future production of sustainable jet fuel and biofuel must create a climate benefit of almost nine million tonnes of carbon dioxide equivalents in the first ten years.
Source: pulpapernews.com