Norske Skog forms biofuels JV with forest co-ops

In Norway, Norske Skog has formed a joint venture with forest owner cooperatives to produce wood-based ethanol at Follum. Total investment in the project is project at up to $36 million, and Norske Skog will own 60 percent of the venture, the company said.

Recently, Norwegian energy giant Statoil and Brazil’s Petrobras signed an agreement for joint biofuel ventures. The involves both development opportunities in Brazil and internationally. The two state-owned energy companies are partners on oil projects in Brazil, Nigeria and in the Gulf of Mexico. The partnership will include investment in Brazilian biofuel projects.

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