May 21 (Renewables Now) - Helsinki-based energy producer St1 Nordic Oy has teamed up with Swedish forest products company SCA (STO:SCA-B) to develop large-scale production of renewable fuels from tall oil.
The pair plans to build a SEK-500-million (USD 57m/EUR 48.6m) facility at St1's refinery in Gothenburg, with the capacity to produce 100,000 tonnes of advanced renewable fuels a year. SCA’s kraft pulp mills will be supplying tall oil for this project. The Swedish company is currently doubling the production at one of its sites, according to the announcement.
Construction of the new plant is pending some approvals, including final nods from the two parties’ boards of directors, and is expected to be completed in 2021.
"Partnership with SCA is a key element in implementation of our renewable fuels investment program and it secures supply of raw materials to meet the ambitious Nordic climate targets for 2030," said Mika Anttonen, chairman of the board of St1.
(SEK 10 = USD 1.142/EUR 0.973)