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Kaidi: A biofuel refinery investment project
Sunshine Kaidi New Energy Group, one of the leading bio energy companies in China, planned a biofuel refinery investment project, an investment of one billion euro to Finland.
€900 m
total investment estimated
150
jobs anticipated
€200 m
annual tax revenue estimated
Key numbers
About the project
New pilot projects are needed for the development of renewable energy technologies. European Union is striving to achieve ambitious energy and climate targets by 2030, including 6,8% mandate for advanced biofuels and biogas in the transport sector.
Kaidi Finland planned to build a globally unique second generation biomass plant in Kemi. Kaidi’s sustainable technology enabled production of biofuels by using wood as the main feedstock. In addition to local wood, Kaidi’s plant aimed to also utilise sawmill by-products and even leftover bark from the forest industry.
It will be the first of its kind in the world.
The technology used in the biorefinery was globally unique and the planned facility was to prove that high-quality biodiesel can be produced from woody biomass. The plant aims to produce >200,000 metric tons of biofuels per year and its output will be 75% biodiesel and 25% biogasoline.
Spinverse’s role
Spinverse assisted Kaidi in financial, permit, feedstock and other strategic arrangements enabling a successful entrance to the European markets.
Pekka Koponen, founder of Spinverse Group, acted as an advisor to Kaidi Finland.
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