Pöyry awarded Owner's Engineering Services assignment by Biozin Holding
Finland-headed forest and energy industry consultancy major Pöyry PLC has announced that it has been awarded the Owner's Engineering Services assignment for the pre-engineering phase by Biozin Holding AS for its planned "biozin" production plant in Norway. The new plant will convert biomass to liquid biocrude that will be sold and further processed into transportation fuels in oil refineries. The work is scheduled to be carried out between 2018 and 2020.
According to Pöyry, the production of “biozin” will be based on the proprietary IH2 technology licensed to Biozin Holding by CRI/Criterion Catalyst Company Ltd. The IH2 technology is an efficient cost-effective technology to convert woody biomass and forest residues feedstock into renewable, low carbon, clean-burning hydrocarbon transportation fuels.
Biozin Holding AS is very pleased to have finalised the Owner’s Engineer agreement with Pöyry. Our project attracts significant market interest and a large number of engineering companies were competing for the contract. Pöyry has a strong record and extensive experience in biofuels and refining projects, and we are looking forward to a valuable cooperation and relationship, said Thomas Skadal, CEO, Biozin Holding.
Biozin Holding AS is owned by Biozin AS, a subsidiary of the Norwegian sawmill company Bergene Holm AS. Biozin AS and the Swedish oil company Preem AB have entered into a cooperation agreement with the intention to realise a full-scale biozin production plant located adjacent to the Bergene Holm AS sawmill in Åmli in southern Norway.
A production plant will consume about 700 000 m3 of feedstock and produce 120 000 m3 biozin, a biocrude that will be refined into normal transportation fuels. Preem AB will purchase biozin from the plant, for further processing and distribution.
The sustainable by-product biocarbon from biozin production can be applied in a variety of applications. The project’s total cost is expected to be approximately NOK 3.5 billion (≈ EUR 357.6 million). The ambition is to establish more production facilities in Southern Norway.
Pöyry is proud to contribute to this exciting project based on new technology. This investment shows clearly the growing demand for biofuels. This assignment further strengthens Pöyry’s position as a global provider of bio-based solutions when our teams in Norway, Finland, and Germany are working seamlessly together providing the best solution to Biozin, said Jon Julsen, Managing Director, Industry Business Group, Pöyry Norway.
The value of the order has not been disclosed.