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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
About the project
The LIFE Lit4Nature aims to establish a stronger, evidence-based system for biodiversity conservation and restoration across Lithuania. Major focus will be placed on strengthening the national biodiversity monitoring system, improving data collection and integration and on introducing innovative monitoring approaches to support evidence-based conservation and restoration decisions.
Impact of the project:
The project aims to boost stronger biodiversity and ecosystem recovery across Lithuania through nationwide conservation and restoration. Further, it wants to achieve better national coordination for efficient and well targeted conservation measures and their funding.
Funding instrument LIFE Programme
Spinverse’s role
Spinverse experts supported the coordinator throughout the two-stage LIFE Strategic Nature Project application process from concept note development to submitting the final proposal.
The support included workshops that brought together the proposal team to sharpen the project concept and focus the application on the most relevant and critical aspects of Lithuania's
Prioritised Action Framework for Natura 2000 and the forthcoming National Restoration Plan.
Spinverse’s strategic guidance, hands-on support and thorough quality reviews helped us focus on the critical aspects, strengthen the proposal logic and present its impacts convincingly. Their LIFE expertise gave our team confidence and contributed significantly to the proposal’s high quality and successful funding outcome.”
Supporting the UN Sustainable Development Goals
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