Reuters logo
Stora Enso, Neste drop biodiesel plan as EC funding bid fails
August 17, 2012 / 1:50 PM / 5 years ago

Stora Enso, Neste drop biodiesel plan as EC funding bid fails

HELSINKI, Aug 17 (Reuters) - 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 Massy-Beresford)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below