Norwegian companies Statkraft and Sodra have formed a joint venture to develop second generation biofuels using forestry raw materials.
The venture, Silva Green Fuel, is 51% owned by Statkraft, with Sodra owning the rest. Silva Green Fuel will seek to find a cost-effective technology for commercial industrial production of second-generation biofuels based on forestry raw materials. At the same time, a future focus will depend the facilitation of increased use of biofuels by the authorities through tax changes and attractive incentives.
Statkraft has acquired all of the shares in Sodr Cell Tofte AS, which owns a factory site at Tofte. Located in Eastern Norway, the industrial area has an established infrastructure and a deep water quay for handling large quantities of wood. Statkraft also plans to sell biomass from Tofte to existing biofuel power plants in neighbouring countries.
