September 4 (Renewables Now) - Finnish consulting and engineering firm Poyry Plc (HEL:POY1V) said today it will provide owner's engineering services for the pre-engineering phase for a plant in Norway that will convert biomass into liquid biocrude for refining into transportation fuels.
The contract, whose value was not disclosed, has been awarded by Biozin Holding AS, part of Norwegian sawmill company Bergene Holm AS. The planned full-scale biozin production plant will be located next to the Bergene Holm sawmill in Amli, southern Norway and will be realised as part of a cooperation agreement with Swedish oil company Preem AB.
Production of biozin will be based on licenced technology, called IH2, that converts woody biomass and forest residues feedstock into renewable hydrocarbon transportation fuels. The licence is held by CRI/Criterion Catalyst Co Ltd.
The facility will use about 700,000 cu m of feedstock and produce 120,000 cu m biozin, a biocrude that will be bought by Preem for further processing and distribution. The project is expected to cost around NOK 3.5 billion (USD 416.5m/EUR 360.2m).
Poyry will carry out the work between 2018 and 2020.
(NOK 1 = USD 1.190/EUR 0.103)