HELSINKI Aug 17 Finnish forestry group Stora
Enso and refiner Neste Oil dropped plans
to build a biodiesel plant together after a failed bid for
funding from the European Commission.
The companies said in a joint statement on Friday that the
project would have required a significant investment, and that
they may not have gone through with it even with funding from
the Commission's NER 300 programme, which encourages renewable
and low-carbon energy projects.
(Reporting by Helsinki Newsroom; Editing by Helen