The European Commission has awarded UPM a grant of EUR 170 million for a solid wood-based biorefinery project in Strasbourg, France. The biomass-to-liquid type of biorefinery would turn logging residues, wood chips and bark into UPM BioVerno renewable diesel.
The grant is from the European Commission’s NER300 fund (New Entrants’ Reserve), which aims to support innovative renewable energy technology.
We are currently focusing our resources on the construction of our Lappeenranta Biorefinery. UPM aims to make a final assessment of the investment in the Strasbourg Biorefinery, based on market conditions and pending EU legislation amendments.