Biozin Holding AS has entered into an agreement with Shell for financial support of their ongoing work to build a full-scale biocrude production facility in Amli, in Agder county in Norway.
The funding will support ongoing activities as part of the pre-engineering phase of the project.
When completed, the production facility will convert woody feedstock, such as forestry residues and by-products from the sawmill industry, into an advanced second-generation crude bio-oil, Biozin®. Pending technology qualification, Biozin Holding AS aims to utilize Shell’s IH2® technology for the conversion process.
“We are delighted with this agreement which makes a very valuable contribution to the ongoing work of realizing a full-scale production facility,” says Biozin Holding AS CEO Thomas Skadal.
Once running, the first Biozin plant will be able to convert approximately 1000 dry tonnes of biomass per day. Bio-oil can then be refined, blended, and distributed as a cleaner fuel.
“Biofuels can play a valuable role in helping to decarbonize marine, aviation, and heavy-duty transport. The collaboration will be key to a successful energy transition and we are happy to be helping Biozin Holding to progress this project which could provide a great opportunity to develop IH2 technology,” says Andrew Murfin, GM Advanced Biofuels at Shell.
During the pre-engineering phase, Biozin Holding AS will further develop the basis for its final investment decision, as well as the contract for the detailed engineering, procurement, and construction (EPC) of the production facility.
Background:
Biozin Holding AS is a Norwegian company currently owned by Biozin AS (78.7%), a wholly-owned subsidiary of Bergene Holm AS, and Preem AB (21.3%). Biozin Holding AS was established to produce renewable fuels from Norwegian sawmills and forestry residues. Biozin AS has identified potential locations for additional production facilities of biozin® in several municipalities in SouthEast Norway.
Bergene Holm AS is the second-largest sawmill company in Norway, with about 440 employees and a turnover of more than 1.6 billion NOK. Bergene Holm AS operates 7 production facilities and other businesses in the South of Norway and has more than 70 years of experience from the Norwegian wood industry.
Preem AB is Sweden’s largest refinery and fuel company, with oil refineries in Lysekil and Gothenburg. Preem AB refines over 18 million m3 of crude oil each year, supplying petrol, diesel, fuel oil, and renewable fuels to businesses and individuals in Sweden and Norway. Approximately 2/3 of Preem AB’s production is exported. Preem AB has about 1 500 employees and a turnover of close to 100 billion SEK.
CONTACT INFORMATION, BIOZIN: CEO, THOMAS SKADAL, +47 905 08 216, TS@BIOZIN.NO, WEBSITE: WWW.BIOZIN.NO
