Woodspirit gets EUR-199m European grant for Dutch biomass plant - report

Dec 21, 2012 - The Woodspirit consortium has received a EUR-199-million (USD 263m) European subsidy for the construction of a large-scale biomass refinery in Delfzijl, north-eastern Netherlands, Duurzaamnieuws.nl reported Wednesday.

The funding comes from the European NER300 programme, which backs large-scale innovative renewable energy projects.

The project requires a total investment of some EUR 500 million, which makes it one of the largest renewable energy initiatives in the country.

The plant will produce bio-methanol from residues of the forest and wood processing industry and will significantly contribute to making the local chemical sector more sustainable.

Woodspirit consists of BioMCN, Siemens Nederland, Linde (ETR:LIN) and Visser & Smit Hanab.

(EUR 1.0 = USD 1.322)

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