The plant, the first of the kind in the world on an industrial scale, will be commissioned in the city of Joensuu.
The plant produces bio-oil from wood-based raw materials, and it is unique in the way it has been integrated with the company’s local combined heat and power plant. Bio-oil is produced from forest residues, wood from first thinnings and other wood biomass, such as forest industry by-products, sourced locally.
The produced bio-oil can be used at heat plants or in industrial steam production as a replacement for heavy and light fuel oil. According to Fortum, in future bio-oil can be used as a raw material for various biochemicals or traffic fuels.
— The use of bio-oil has significant positive environmental impacts because energy produced with bio-oil reduces carbon dioxide emissions by as much as 90 percent or more compared to fossil fuels, says Fortum’ chief financial officer Markus Rauramo.
Fortum has invested about 30 million Euros in its bio-oil plant and in modification work to its heat plants, and the project has received about eight million Euros in government investment subsidies.
Source: Good News from Finland