European Commission grants EUR88.5 million to Finnish biorefinery project

July 25, 2016 |

In Finland, the European Commission has decided to grant EUR88.5 million of NER 300 investment subsidies for the biofuel refinery planned by Kaidi in Ajos, Kemi. . The subsidy, which is directed towards producers of renewable energy, was initially granted in 2012 for the realization of a biofuel refinery planned by Vapo. Vapo halted the project in 2014. The total investment for the plant is estimated to be up to EUR 1 billion. The final investment decision will be made by the end of 2016.

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