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The Smart Way - Utilising RTP TM technology to produce sustainable 2 nd generation bio-oil from local feedstocks. NWBC 2012 CEO Timo Saarelainen. Contents. Operating environment Green Fuel Nordic Oy The Smart Way Renewable, local feedstock
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The SmartWay - Utilising RTPTM technology to producesustainable 2ndgenerationbio-oilfromlocalfeedstocks NWBC 2012 CEO Timo Saarelainen
Contents • Operating environment • Green Fuel Nordic Oy • The Smart Way • Renewable, local feedstock • RTPTM Green Fuel Production Technology • RTPTM Green Fuel Applications
Operating environment Forces driving political, social and business development • Climate change • Dependence on fossil fuels • Growing population • Increasing • Energy consumption • Oil Price • Food price Sustainable opportunities • Innovative technologies • Bio-based solutions > Bio-economy
Green Fuel Nordic Oy Green Fuel Nordic Oy A Finnish biorefinery company established in 2011. Headquarters in Kuopio, in Eastern Finland. Our mission We offer a lucrative and local alternative to fossil fuels. We are a frontrunner in the refining of second-generation liquid biofuels. Our vision We are the most successful refiner of local liquid biofuels in our market areas.
The Smart Way – Our Choises • Commercial and proven technology • RTPTM , fast pyrolysis technology from Envergent Technologies, a Honeywell company • Strategic co-operation agreement • RTP Green Fuel - 2nd generation liquid biofuel • Feedstock is forest-based biomass • Not conflicting with food chain or indirect land-use change (ILUC) • Storage and transportation properties • Feestock comes from the Finnish forest • Forest growth is over 100 Million m3 per year • Industrial use is around 50 Million m3 per annum; 70-75 Million m3 could be used sustainably
The growth of Finnish forests is over 100 mill. m3 per year Forest balance in Finland 1960-2011 SOURCE: Metla, Finnish Forest Industries
Use of domestic wood in Finland 2011First use 62 million m3 and second use 22 million m3 SOURCE: Metla
Applications for RTP Green Fuel • Power and heat in industry and municipalities • Standard solutions for green field and replacement investments • Marine applications • Sulphur-free, rebewable fuel for diesel engines • Green, 2nd generation transportation fuels • Drop-in gasoline, diesel and jet using existing infrastructure • Not to exclude other high-value applications
Thank you! www.greenfuelnordic.fi