St.1 Biofuels Oy: 50 Hottest Companies in Bioenergy candidate profile

St. 1 Biofuels Oy

Based in: Finland
2008-09 rank: 28

Business: Continuous fermentation of ethanol. Subsidiary of Finnish privately owned energy company St1 Oy

3 Top Milestones for 2008-09

1. Building and opening four new plants utilizing different food industry waste and sidestreams. Feedstock is from local bakeries, potato processing plant, sweet manufacturing and brewery. Also old dated bread waste form markets are utilized after mechanical package removal.

2. Opening of Dehydration plant in Hamina Finland in June 2008. Dehydration plant completes the dispersed ethanol production concept.

3. Launching of RE85, the first domestic high blend ethanol biofuel in Finland in April 2009

4. Development of Bionolix plant type. BionolixTM plant uses household biowaste and commercial biowaste as feedstock.

3 Major Milestone Goals for 2010-11

1. Building and Opening of the first BionolixTM plant in Hämeenlinna, Finland.

2. Developing and building second generation cellulosic ethanol pilot plant.

Model: Own ethanol production in home markets: Finland, Sweden, Poland and Norway. Licensing technology, partnerships in other countries.

Quotable quotes: “Local fuel production increases country’s energy independence and decreases the need for imported fossil fuels. This combined to better utilization of waste makes the Etanolix® technology unique in terms of CO2 balance and ecology. The concept has positive impact also on employment through production plants and Refuel RE85 distribution. Waste to Ethanol is a considerable tool when trying to reach EU’s waste and biofuel directives.”

“The concept is easily adaptable to countries around the world. Waste that is used as feedstock in the technology is available everywhere as is the need for successful waste management solutions. This combined to the global need for renewable energy ensures the potential in the market for this product.”

“While producing sustainable bioethanol, Etanolix technology also provides a sustainable waste management system and reduces the total amount of waste.”

Metrics: Fuel production cost is $1.90 / gal. St1 Oy has 650 petrol stations in Finland, Sweden, Norway and Poland. This station network can be used for distribution and marketing. Annual Revenues: 2009: 10 m€ (projected); 2008:  4,9m€; 2007: 0,01m€

The Hot 50 for 2009-10 will be released Tuesday, 12/1. Between now and then, you’ll see profiles of potential candidates in the Digest, and you’ll have a chance to vote for your favorites. Reader response will count for 50 percent of a company’s overall score in the preparation of the rankings. The remaining 50 percent is voted by a panel of experts.

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