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Shell to Provide Financial Support for Norwegian Biorefinery Project

BioChemicals/Renewable Chemicals, BioRefineries/Renewable Fuel Production, Biorefinery Infrastructure, Business News/Analysis, Feedstocks, Forestry/Wood, Funding/Financing/Investing, Infrastructure, Logistics, Netherlands, Norway, Precursors/Biointermediates, Process, R & D Focus, Sustainability
December 6, 2019
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(Bioenergy International)  Biozin Holding AS has announced that it has entered into an agreement with Shell for financial support of their ongoing work to build a full-scale biocrude production facility in Åmli, Norway. The funding will support ongoing activities as part of the pre-engineering phase of the project.

…

Biozin Holding AS (BZH) is a Norwegian company owned by Biozin AS and Swedish oil refiner Preem AB and was established to produce renewable fuels from Norwegian sawmill and forestry residues. Biozin AS is a wholly-owned subsidiary of Bergene Holm AS, the second-largest sawmilling and wood processing group in Norway.

According to Biozin Holding, the funding, the amount of which has not been disclosed, will support ongoing activities as part of the pre-engineering phase of the project. In June 2019, Biozin Holding was awarded NOK 30 million (≈ EUR 2.97 million) from Innovation Norway for the preliminary design.

When completed, the production facility will convert woody feedstock, such as forestry residues and by-products from the sawmill industry, into an advanced second-generation crude bio-oil, “biozin”.

Pending technology qualification, Biozin Holding aims to utilize Shell’s IH2 technology for the conversion process.

…

Once running the first Biozin plant will be able to convert approximately 1000 dry tonnes of biomass per day. The bio-oil can then be refined, blended and distributed as a cleaner fuel.  READ MORE

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bio-oilBioChemicals/Renewable ChemicalsBiocrude/Green Crude/SynCrudeBioRefineries/Renewable Fuel ProductionFinancingforest residue/wasteInvestingNetherlandsNorwayoil refineriesprecursors/biointermediatesSustainabilitywoody biomass
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