Tuesday 31 January 2012

NIB invests in biomass development program

The Nordic Investment Bank (NIB) has provided bioenergy company Vaskiluodon Voima Oy with €18 million (US$13.134 million ), to build a gasification plant in Vaasa, Finland. The facility will produce 140MW and is to be connected to a power plant that is already established, allowing for the coal from the old plant to be substituted by domestic biofuels and peat.



Because of this, coal use will be lowered by between 25-40 percent, with a fuel mix for the gasification system that will be made up of about 25 percent peat and 75 percent forest residues and biomaterials such as reed. Read more ...
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