Finland to house new ethanol plant

North European Bio Tech Oy (NEB) is investing in a bioethanol plant on the Renforsin Ranta industrial estate in Kajaani, Finland.

The plant, which has a production capacity of 10 million litres per year of bioethanol, will be leased to oil and bioproduct traders North European Oil Trade Oy (NEOT).

St1 Biofuels Oy, which is responsible for design, permits and coordination and will be operating the plant once it is completed, will deliver the ethanol facility.

The raw material for the plant will be sawdust from local sources.

Construction will begin in summer 2015, with production projected to start in 2016.

A total investment of €40 million will be provided, of which 30% is covered by an investment subsidy granted by the Ministry of Employment and the Economy for biorefineries producing transport biofuels.