Veolia Launches an Innovative Industrial Solution to Produce CO2-neutral Biofuel From Pulp Production

Rhea-AI Summary

Veolia has announced the launch of the world's largest biorefinery project in Finland, aimed at producing CO2-neutral biomethanol from pulp mill processes. This innovative project, developed in collaboration with Metsä Fibre, aims for an annual capacity of 12,000 tons and an estimated potential output of 2 million tons globally. The effort aligns with European Green Deal goals, potentially avoiding 30,000 tons of CO2 emissions annually and promoting energy security in Europe. The investment totals 50 million euros, supported by a Finnish government grant.

Positive

• Launch of the world's largest CO2-neutral biomethanol biorefinery in Finland.
• Annual production capacity of 12,000 tons, potentially leading to 2 million tons globally.
• Expected reduction of 30,000 tons of CO2 emissions per year.
• Investment supported by a 50 million euro grant from the Finnish government.

Negative

• None.

• The CO₂ neutral biomethanol will boost the EU biofuel feedstock and strengthen European fuel independence
• The project opens a significant potential for biomethanol production, estimated at around 2 million tons¹, as the concept is replicable at most of the pulp mills worldwide

PARIS--(BUSINESS WIRE)-- Regulatory News:

Veolia (Paris:VIE) launches the world's largest biorefinery project producing CO2-neutral bio-methanol from a pulp mill, located in Finland. The project allows to unlock the potential of this alternative source of feedstock for biofuel that is almost completely unexplored to date.

Developed in close cooperation with Metsä Fibre, the largest cooperative forestry association in Europe, the refinery will be based on Veolia’s innovative industrial scale concept of commercial bioproduct-derived biomethanol production, which safely integrates the refining of crude sulphate methanol into the pulp production process.

The project will contribute to European energy security while supporting the European Green Deal decarbonization ambitions for transportation, as the industrial grade quality CO₂-neutral biomethanol represents a new source of sustainable low carbon fuel replacing fossil-based fuels.

The refinery, owned and operated by Veolia, will be adjacent and partly built into Metsä Fibre’s Äänekoski plant in Finland. With an annual production capacity of 12.000 tons, the plant, due to come on stream by 2024, will allow to avoid up to 30.000 tons of CO₂ emissions per year². The 50 million euros investment is supported by a grant from the Finnish ministry of economy and employment.

“Our biorefinery project with Metsä Fibre is in line with Veolia’s strategy to develop local energy loops allowing decarbonization and energy sufficiency. It illustrates our capacity to act as an ecological transformation enabler through industrial integration across various sectors to develop scalable and sustainable solutions for locally produced CO₂-neutral fuels,” commented Estelle Brachlianoff, COO of Veolia. “The advantage of our industrial concept is that it is replicable at around 80% of the pulp mills worldwide. It has a potential to unlock an additional, locally generated feedstock of CO₂-neutral biomethanol for biofuel that could be estimated at 2 million tons.”

A propos de Veolia

Veolia group aims to be the benchmark company for ecological transformation. With nearly 179,000 employees worldwide, the Group designs and provides game-changing solutions that are both useful and practical for water, waste and energy management. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and replenish them. In 2021, the Veolia group provided 79 million inhabitants with drinking water and 61 million with sanitation, produced nearly 48 million megawatt hours and recovered 48 million tonnes of waste. Veolia Environnement (Paris Euronext: VIE) achieved consolidated revenue of 28,508 billion euros in 2021. www.veolia.com

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¹ Veolia’s internal estimation.
² by replacing fossil fuel for transportation.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220406005616/en/

Group press relations

Laurent Obadia - Evgeniya Mazalova

Emilie Dupas

Tel.+ 33 (0) 1 85 57 33 33 / 86 25

presse.groupe@veolia.com

Investor & Analyst relations

Ronald Wasylec - Ariane de Lamaze

Tel. + 33 1 85 57 84 76 / 84 80

investor-relations@veolia.com

Source: Veolia

FAQ

What is Veolia's new project in Finland about?

Veolia is launching the world's largest biorefinery project for producing CO2-neutral biomethanol, aiming for substantial energy contributions in Europe.

How much biomethanol will the new biorefinery produce?

The biorefinery will have an annual capacity of 12,000 tons, contributing to an estimated 2 million tons worldwide.

What are the environmental benefits of Veolia's biorefinery?

The project aims to avoid 30,000 tons of CO2 emissions annually and supports the European Green Deal by providing sustainable low-carbon fuel.

What is the investment amount for Veolia's biorefinery project?

The biorefinery project involves a total investment of 50 million euros, with support from a Finnish government grant.