France to launch new-generation biofuel production
Nov 24, 2011 - A project, which is aimed at producing last-generation biodiesel and biokerosene in France on a commercial scale by 2020, was presented yesterday by a consortium of six partner companies and institutions.
The consortium includes French oleaginous plants group Sofiproteol, oil and gas group Total (EPA:FP), German steel and engineering group ThyssenKrupp (ETR:TKA), French Axens, which provides technologies and services for the petrochemical industry, its parent company Institut Francais des Petroles (IFP) and the atomic energy commission CEA.
The project, named BioTfuel, will require an investment of EUR 112.7 million (USD 150.6m), of which EUR 33 million will be from state aids.
These biofuels will not be extracted from edible plants but from vegetable fibres and will be devoid of sulphur.
BioTfuel targets to produce a total 200,000 tonnes annually of biofuel from 1 million tonnes of biomass.