Stora Enso a Finnish paper and and timber producer has joined hands with Neste Oil Corporation to set up a plant that will utilize wood based residues to produce biofuel. The demonstration plant will be owned on a twin sharing basis and is expected to be functional by the year 2008. VTT, Technical Research Center of Finland will also provide technical expertise for setting up of the processing plant. This plant would cost EUR 14 million and would be later integrated with existing energy infrastructure and would be capable of powering an estimated 4000 households.
There has been a lot of research to produce high quality biofuel from a variety of sources such as animal fat,residual grease from restaurants,and even garbage. The ambitious target set by EU of replacing 18 million tonnes of fossil fuels used for transportation by 2010 is a major act fueling this research . (simply put there isn’t enough land for growing biofuel crops such as jatropha )
