Neste Oil, Stora Enso launch assessments for new biorefinery

11 October 2010 08:23  [Source: ICIS news]

SINGAPORE (ICIS)--Neste Oil and Stora Enso - a paper, packaging and forest products firm - are jointly launching environmental impact assessments (EIAs) for a new renewable diesel plant at two locations in Finland, the refining firm said on Monday.

NSE Biofuels Oy, a 50:50 joint venture between Neste Oil and Stora Enso, would commence the EIAs at Porvoo and at Imatra, Finland in early November, Neste Oil said in a statement.

The Southeast Finland Centre for Economic Development, Transport and the Environment would be acting as the official body for the assessments, which were expected to last about a year, it said.

The two locations are seen as potential alternative sites for a commercial-scale biorefinery capable of producing 200,000 tonnes/year of premium-quality renewable diesel from wood biomass, the firm said.

Neste Oil said that while results from its biomass to liquids demonstration plant, commissioned in June 2009, have been promising, no decision on a commercial plant has been taken.

The entire production chain - from raw material, in the shape of wood biomass, all the way to biowax suitable for refining into renewable diesel - has been tested at the company's demonstration plant at Varkaus, it said.

“Trial runs will continue at the Varkaus facility until next year at least,” the firm said.

“Decisions on the future of the demonstration plant and the possible go-ahead for a commercial plant will be taken in the early part of next year when the relevant business plans and cost calculations have been completed,” it said.

The first full-scale commercial plant would represent an investment of at least €500m, Neste Oil added.

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By: Nurluqman Suratman



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