Green technology company Vertoro has won a European Union grant to develop a lignin crude plant at Rotterdam whose product could be used as biofuel bunkers.
The firm has won a €2 million ReactEU grant to build a 250,000 mt/year commercial-scale biorefinery at Europe’s largest port facility, it revealed in a LinkedIn post recently.
“This biorefinery will convert industrial wood residues like sawdust into some 50 000 mt of cellulosic ethanol, alongside roughly 125,000 mt of lignin-based Goldilocks crude oil,” the company said.
“Our crude has multiple applications including its use as a gasifier and cracker feedstock as well as a marine fuel.”
Biofuel use is growing rapidly in the bunker industry as shipping companies seek to reduce their carbon emissions.
Popular News Stories
LATEST VIDEOHow sustainable aviation fuel (SAF) is making its way in the aviation sector