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BioOstrand: Biorefinery for sustainable aviation fuels
The project addresses the critical need to reduce carbon dioxide emissions from aviation, and offer the plastics industry a more sustainable, renewable alternative to replace fossil raw materials with renewable naphtha.
€167 m
in funding
2029
expected entry into operation
9 Mt
estimated Co2EQ emission avoidance
Key numbers
About the project
The project addresses the critical need to reduce carbon dioxide emissions from aviation, and offer the plastics industry a more sustainable, renewable alternative to replace fossil raw materials with renewable naphtha. The agreement entitles the company to an innovation grant of approximately €167 million in the event of a future investment decision for a project that will produce bio and RFNBO fuels from forestry residues and renewable electricity.
Impact of the project:
The project aims to tackle the challenges of environmental pollution and resource depletion, health concerns from toxic chemicals in conventional adhesives and economic instability due to reliance on non-renewable raw materials.
Funding instrument Innovation Fund
Spinverse’s role
Spinverse experts aided the project in preparing a proposal for an EU Innovation Fund grant. Once the initial research studies provided by Spinverse ensured the project idea to be eligible for Innovation Fund funding, the expert team from Spinverse started working closely with the core team from Biorefinery Östrand on the funding proposal writing.
The knowledge Spinverse experts contributed to the innovation section was of great help, as well as their resourcefulness in quickly providing additional guidance to parts of the financial sections. It really helped us present our innovation in a compelling and dynamic way and find gaps that were missing.
Supporting the UN Sustainable Development Goals
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