Feb. 5, 2012, Lappeenranta, Finland - Finnish
papermaker UPM plans to build the world's first
industrial-scale plant to refine tall oil, a byproduct of wood pulp, into
biodiesel, according to a report on Google News.
plant at UPM's site in Lappeenranta, at an investment of 150 million
euros ($198 million), will be able to produce annually approximately
100,000 tonnes of advanced second generation biodiesel for transport
after its planned completion in 2014.
The plant will refine crude tall oil, which is a byproduct of processing wood pulp, mostly from pine trees.
"The biofuels business has excellent growth potential," UPM chief executive Jussi Pesonen was quoted as saying in a statement.
quality of our end product and its environmental characteristics have
gained significant interest among a wide range of customers, and the
investment is profitable," he added.
company said it is also considering building a second biorefinery,
either in Finland or France, which would use wood as the raw material and
a different technology for processing into biofuel.