Global Bioenergies has today kicked off a three-year project to convert softwood residues into gasoline and jet fuel. The project is backed up by a €13.9 million.
The present project, gathering renowned industrialists from various fields, sets the foundations of a first-of-a-kind biorefinery converting residual wood to high performances drop-in renewable gasoline and jetfuel.
With an estimated forestry residues potential of about 145 million tons per year, the European Union has the potential to support the deployment of hundreds of such biorefineries.
The eleven project partners coming from eight EU-member States have signed an agreement with the Innovation and Networks Executive Agency (INEA) which manages the Secure, Clean and Efficient Energy societal challenge of the Horizon 2020 program.
The project was selected under the name REWOFUEL (N°792104), in the frame of the European HORIZON 2020 program for research and innovation, following a very selective and competitive process led by independent experts.