promoting green growth and financing for wood- based …promoting green growth and financing for...
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![Page 1: Promoting green growth and financing for wood- based …Promoting green growth and financing for wood-based bioenergy Mikael Sjövall, Communications Manager Nordic Environment Finance](https://reader033.vdocuments.mx/reader033/viewer/2022051812/602dcf116711cd1a586fb29a/html5/thumbnails/1.jpg)
Promoting green growth and financing for wood-based bioenergy
Mikael Sjövall, Communications Manager
Nordic Environment Finance Corporation
Joensuu, 17 September 2015
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NEFCO in brief
• International financial institution established by the Nordic countries
• Loans and equity investments for environmental projects
• Operating in Eastern Europe, around the Baltic Sea as well as globally – Fund specific mandates
• Funds to a total value of EUR 501 million
• Headquartered in Helsinki with 34 employees
• Locally contracted staff in Russia and Ukraine
Helsinki
Geographic mandate
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Gap filler. NEFCO fills financial gaps which are not covered by commercial banks.
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Green growth. NEFCO enables exports and sales of Nordic green technology to the neighbouring region.
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Cost efficiency. NEFCO spends 1/8 of what it costs to reduce environmentally harmful emissions in the Nordic region.
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Our products
• Loans
• Equity investments
• Export financing
• Grants
• Carbon credits
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Environmental results
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Distribution by country and sector
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Our involvement in the forestry sector
• Renewable energy and usage of wood-based biomass
• Investments in the furniture industry
• Heating solutions relying on wood chips or pellets
• Reuse of sawdust for the production of energy
• Feasibility studies and investment plans
• Sustainable management of forests
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Climate
Case: Production of bioenergy in Grodno, Belarus
• Rindibel was established in 2008 as a joint venture between Rindi Energi, Volkovysk LesHos, Grodno State Industrial Forestry Association and NEFCO
• HedeDenmark becomes new shareholder in 2012
• The business concept is to turn currently unutilized forestry waste into marketable bio-fuel and to provide modern forestry services to local forestry associations.
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Climate
Case: Production of bioenergy in Grodno, Belarus
• Rindibel operates two harvesting lines (harvester - forwarder) and a mobile chipping machine.
• Monthly harvesting volumes 7,500 cubic metres per month
• The company is profitable
• Total initial investment envisaged 1 MEUR
• Part of the biomass is delivered to Poland
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Climate
Case: Renewable energy in Archangel, Russia
• Usage of sawdust and bark for energy production
• Customers: the local sawmills
• Prevention of methane emissions
• The heat is used for drying timber and heating the buildings in the area
• Two 2.5 MW boilers consume some 15,000 m3 of bark and 4,800 m3 of sawdust/year
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Climate
Case: Cleaner production in the furniture industry
• Client: Rossibalt in Znamensk some 55 km from Kaliningrad
• Replacement of two diesel-fired boilers with a new 32 kW boiler using biomass
• Savings for the company: 1.1 million RUB per year
• Installation of sawdust supply system and silage cutter, new sensors and a chimney
• Reduction of CO2, Nox and Sox
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Climate
Case: Fuel switch in Myrne, Ukraine
• Client: Agricultural company Pivdenagropererobka LLC in Myrne, Ukraine
• Replacement of an outdated steam-boiler station with a new unit that will use wood-based pellets instead of fossil fuel
• Reduction of 1,054 tonnes of CO2 per year
• Loan provided from NEFCO's Facility for Cleaner Production
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Challenges
• Dependence on oil, coal and gas
• Difficulties related to logging permits
• Dysfunctional wood-based bioenergy markets
• Most of the logging residues and the wood chips are exported
• Lack of bioenergy clusters
• Lack of incentives for investing in renewable energy
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The future
• New types of biofuels in the transport industry
• Liquified or torrefied biomass for energy production
• Low hanging fruits in the sawmill industry
• Fuel switches and potential savings
• New scientific data on the environmental impact of incinerating biomass
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Mikael Sjövall│ [email protected] │ +358 50 3535 045
www.nefco.org
twitter.com/NefcoNordic
youtube.com/nefcofinland
Thank you for listening!