Finnish company Fintoil plans to build a €100 million biorefinery in Hamina.
The plant has recently been granted environmental and construction permits, with construction work starting this month. This will lead to the erection of the world’s third largest crude tall oil (CTO) refinery.
Fintoil is due to start its commercial operations in the summer of next year.
The plant will refine a kraft pulp byproduct, CTO, to produce feedstock for renewable second-generation renewable diesel. The refinery’s capacity is 200,000 tonnes.
The new biorefinery also supports Finland and EU’s efforts to reach carbon neutrality in quick succession.
Fintoil’s new refinery’s production will bring a 400,000-tonne reduction in carbon dioxide emissions.
“Feels great to get this ship sailing full speed. Despite the challenging times, our plans have advanced quickly, and we have been able to stick to our schedule. Once production starts in the summer of 2022, our products will quickly make a major impact in reducing emissions, which directly aids the Finnish government in its aspirations to reach carbon neutrality," said Jukka Ravaska, CEO of Fintoil.
In addition to crude fatty acid, the distillation process separates rosin, sterol pitch, and turpentine, which are sold for further refinement to clients in the chemicals, foodstuffs, and pharmaceuticals industries.
Fintoil’s refinery utilises Neste Engineering Solutions’s patented NEXPINUS technology, which translates to over 40% less energy consumption in comparison to a traditional tall oil refinery.
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