Preem and Norwegian Biozin in collaboration on more renewable fuels
Preem and the Norwegian company Biozin AS have signed a cooperation agreement for large-scale production of biofuels with residues from the forest and wood industry. Initially, a new production plant will be built in Jordøya, Åmli municipality, Norway.
The planned production plant is estimated to produce approximately 120 000 cubic meters of biozin® per year. Biozin® is an advanced durable biooil with very good durability data that can be refined on Preemraff Lysekil or Gothenburg for renewable content in fuels. The planned production plant in Jordøya is expected to be operational in 2022.
The project has just completed a conceptual study where the factory's basic design has been established. Now the next step continues, including the production plant to be projected. The projection is expected to be completed by the end of 2019, and then the final investment decision will be taken.
Preem goes through the decision to continue the project, as a partner in Biozin Holding AS, investing approximately NOK 250 million to jointly work with Bergene Holm AS for the investment decision in early 2020. The total project is estimated at approximately 3.5 billions MNOK.
The company's common ambition is to establish more production facilities in southern Norway.
For more information contact:
Mattias Backmark, Head of Business Development Preem, +46 73 633 61 80
Thomas Skadal, CEO Biozin Holding AS, +47 905 08 216
Preem's Press Office, +46 70 450 10 01, press@preem.se
BIOZIN HOLDING AS is a Norwegian company owned by Biozin AS, a wholly owned subsidiary of Bergene Holm AS. Biozin Holding AS was formed to produce renewable fuels from Norwegian sawmills and forest residues. Biozin AS has identified potential sites for additional production facilities for biozin® in several municipalities in southeastern Norway. Website: www.biozin.no
BERGENE HOLM AS is Norway's second largest manufacturing company with 430 employees and a turnover of approximately SEK 1.5 billion. Bergene Holm AS has 7 factories and other companies in southern Norway and has over 70 years of experience in the Norwegian wood industry.
PREEM is the largest fuel company in Sweden. Our vision is to lead the transformation towards a sustainable society. Our two refineries are among the most modern and environmentally adapted in Europe, with a refining capacity of more than 18 million cubic meters of crude oil per year. Our business encompasses production, sales, distribution, trading and goods supply. We refine and sell petrol, diesel, heating oil and renewable fuels to companies and consumers in Sweden and Norway. Around two-thirds of our production is exported. We also have a nationwide service network with some 570 fuel stations for private and commercial traffic. Preem employs around 1,400 people, of which 950 work at the refineries. Preem had a turnover of SEK 69 billion in 2017. Read more at www.preem.com.
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