The plant will be based at Rotterdam. File Image / Pixabay
Green technology company Vertoro has won a European Union grant to develop a lignin crude plant at Rotterdam whose product could be used as biofuel bunkers.
The firm has won a €2,000,000 ReactEU grant to build a 250,000 mt/year commercial-scale biorefinery at Rotterdam, it said in a LinkedIn post on Wednesday.
"This biorefinery will convert industrial wood residues like sawdust into some 50,000 mt of cellulosic ethanol, alongside roughly 125,000 mt of lignin-based Goldilocks crude oil," the company said.
"Our crude has multiple applications including its use as a gasifier and cracker feedstock as well as a marine fuel."
Biofuel use is growing rapidly in the bunker industry as shipping companies seek to cut their carbon emissions.