Apr 28 2016
The output from the refinery, which is expected to be the first of its kind in the world, will be a mix of 75 percent biodiesel and 25 percent biogasoline. The process will be based on Fisher Tropch syngas technology.
Sunshine Kaidi New Energy Group chairman and CEO Chen Yilong said:
“We find Finland the most interesting country to invest in for biofuels production in the Northern hemisphere.
“Finland has vast biomass resources, plenty of potential partner companies and an extremely progressive biofuels policy.”
Kaidi plans to make the final investment decision by the end of this year.
The company has established a subsidiary in Finland, Kaidi Finland and cooperate with Spinverse and it’s president Pekka Koponen. He presented the project at Arctic Business Forum in Rovaniemi April 7
” Sunshine Kaidi New Energy Group, established in 1992, one of the leading bio energy companies in China, is already now planning to launch a pilot area in Kemi, Finland to develop the harvesting and procurement of “energy wood” – term coiled in Northern Europe, referring to small diameter wood from first forest thinnings, logging residue and stumps.”
– Already now, preparations for the project employ approximately 40 experts, while over 150 permanent positions will be created once the plant is operational, says Koponen.
The biodiesel refinery when upp and running in 2019 will produce 200,000 metric tons of a second-generation biofuel, of which the main feedstock is energy wood.
This, in turn, equals to 4,000 person-years of work for the overall construction and operation of the facility in addition to mill personnel.
Furthermore, the plant will, according to Koponen, create several hundred jobs for related occupations such as harvesting entrepreneurs, transportation service providers and machine manufacturers.
The facility is estimated to generate annual tax revenues of over €200m.
The refinery project has according to the company already secured environmental impact assessment approval from the Centre for Economic Development, Transport and the Environment of Lapland.