Kaidi gives the green light for EUR1 billion biodiesel investment in Finland

In Finland, China’s Kaidi has agreed to go ahead with the EUR1 billion investment in a biodiesel plant in the northern part of the country, with a groundbreaking set for sometime next year. The company is currently in negotiations with potential investors to ensure that the financial backing is in place before moving forward. Last week’s move by the Finnish government to continue supporting biofuels and set blending mandates through 2030 helped to seal the decision to invest.