Finnish food co Apetit to get investment aid for 4.5-MW bioenergy project

Forest biomass. Author: Oregon Department of Forestry. License: Creative Commons, Attribution 2.0 Generic.

August 16 (Renewables Now) - Finnish food group Apetit Oyj (CPH:APETIT) announced today it has received a favourable decision with regard to securing investment aid from the state to build a 4.5-MW bioenergy plant.

Apetit said in June that it plans to construct a biomass power facility running on forest wood chips and recycled wood in conjunction with its rapeseed oil milling plant in Kirkkonummi. The EUR-3.7-million (USD 4.2m) project has now received the green light from the Ministry of Economic Affairs and Employment of Finland for investment aid of up to EUR 350,000.

“The bioenergy plant would enable Apetit to utilise its production side streams. The plant’s energy self-sufficiency would increase and it would no longer be dependent on other users of its side streams,” CEO Juha Vanhainen said in June.

The project is still subject to obtaining an environmental permit.

(EUR 1.0 = USD 1.137)

More stories to explore
Share this story
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription