Brussels: Funding from the EU Innovation Fund formalized in an Official Signing Ceremony

The Official Signing Ceremony in Brussels formalized the funding from the EU’s Innovation Fund.

THE BIOZIN PROJECT: On Thursday, January 19, 2023, the Biozin project team signed the grant agreement of €75 million awarded by the EU Innovation Fund.


In addition to the formalization of the funding, which was announced on July 12, 2022, the official signing ceremony symbolizes the start of the collaboration with the European Climate Infrastructure and Environment Executive Agency (CINEA).

SIGNING: Thomas Skadal is signing on behalf of the project.

European Green Deal

CINEA plays a key role in supporting the EU European Green Deal, functioning as an administrator of its delegated programs. The signing ceremony was arranged by CINEA and was held in the Centre Albert Borschette, Brussels.

The Biozin project, a consortium with Biozin Holding AS, Bergene Holm AS and Shell, was represented by Andrew Murfin (General Manager, New Fuels, Shell), Jeroen Hovius (Business Opportunity Manager, New Fuels Shell), Thomas Skadal (CEO Biozin Holding As), Jan Halvard A. Møller (CFO Biozin Holding As) and Erland Løkken (CEO Bergene Holm AS).

The only Norwegian project

The EU Innovation Fund has awarded grants to 23 large-scale projects since 2021.  Biozin is the only Norwegian project on this list.  On November 3, 2022, the third call for large-scale projects was announced, totalling €3 billion.


Biozin Holding AS is a Norwegian company owned by Biozin AS, a wholly-owned subsidiary of Bergene Holm AS. Biozin Holding AS was established to produce renewable fuels from Norwegian sawmills and forestry residues. Development of the site in Åmli in Agder, Norway, has commenced.  

Bergene Holm AS is the second largest sawmill company in Norway, with about 450 employees and a turnover of more than 2.2 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 in the Norwegian wood industry.

Shell plc. is a global energy company with about 82 000 employees and operations in more than 70 countries.  Shell is one of Norway’s largest producers in carbon capture and storage and is actively working to establish operations in offshore wind, hydrogen, biofuel and electric vehicle charging in Norway.  Shell Norway AS has its head office in Risavika outside Stavanger and operating offices in Aukra and Kristiansund.

Press contact

Biozin Holding AS: Thomas Skadal, CEO, +47 905 08 216,