Monday, November 19, 2007

Bio-based economy

Renewable resources can provide a viable, economical alternative to petrochemical feedstock's. In consequence, it is absolutely necessary to develop solutions in three sustainable and biobased sectors:

  • Biopower:
    Biomass consumption (electricity and heat) in electric utilities, industry and local as private use such as biogas, biomass burning.

  • Biobased Transportation Fuels:
    Transportation fuels from biomass: e.g. ethanol, biodiesel and biopetroleum.

  • Biobased Products and Biorefineries:
    Production of chemicals and materials from biobased raw material. So is the new business commercial if the entirely economical chances of a fundamentally new technology are considered.
Finland is doing well in the Biopower segment. We've several companies offering bioenergy power plants to produce heat and electricity.

UPM, StoraEnso, Neste Oil, St1, and some other players are into biobased transportation fuels. The forestry companies are looking into the opportunities of cellulosic biofuels.

Biobased products and biorefineries are still in search and research stage. We've a great potential looming in older pulp mills. The old machines could be transformed to biorefineries.

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