UPM’s biofuel growth plans progress to the next stage
UPM has moved forward with its biofuels growth plans and has begun the basic engineering phase of a next generation biorefinery.
The potential biorefinery would have an annual capacity of 500,000 tonnes of high-quality renewable fuels including sustainable jet fuel (SAF).
The products will significantly reduce carbon footprint in the road transport and aviation, as well as replace fossil raw materials with renewable alternatives in chemicals and bioplastics.
“The planned biorefinery would scale up UPM’s successful biofuels business to a new level. At the same time, it would further improve long term competitiveness and sustainability performance of UPM Biofuels by introducing several sustainable feedstocks and achieving uniquely high CO2 emission reduction compared to biofuels currently in the market,” said Jyrki Ovaska, chief technology officer of UPM.
UPM 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 UPM Lappeenranta Biorefinery, with annual capacity of 130,000 tonnes, has been a showcase of creating a successful new business beyond fossils. Years of investment in R&D and innovation have paid off. This gives us confidence to plan scaling up this exciting business,” added Ovaska.
The potential biorefinery would have an annual capacity of 500,000 tonnes of high-quality renewable fuels including sustainable jet fuel (SAF).
The products will significantly reduce carbon footprint in the road transport and aviation, as well as replace fossil raw materials with renewable alternatives in chemicals and bioplastics.
“The planned biorefinery would scale up UPM’s successful biofuels business to a new level. At the same time, it would further improve long term competitiveness and sustainability performance of UPM Biofuels by introducing several sustainable feedstocks and achieving uniquely high CO2 emission reduction compared to biofuels currently in the market,” said Jyrki Ovaska, chief technology officer of UPM.
UPM 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 UPM Lappeenranta Biorefinery, with annual capacity of 130,000 tonnes, has been a showcase of creating a successful new business beyond fossils. Years of investment in R&D and innovation have paid off. This gives us confidence to plan scaling up this exciting business,” added Ovaska.
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