A wood-based biofuels project in the Baltic Sea region is being explored by Metsäliitto Group and Vapo.

The partners are also assessing alternative locations around the Baltic rim. Sites in Kemi and Äänekoski in Finland, Jönköping in Sweden and Kunda in Estonia are being investigated as possible locations.

“Liquid biofuels are one possible line of development for new wood-based products, and we want to take a closer look at it,” said Metsäliitto Group president and CEO Kari Jordan.

Raw materials being examined include wood-based building waste, peat and reed canary grass. End products would be synthetic liquid and gaseous biofuels.

Assessment will take a year and any joint venture set up would be a 50:50 ownership operation between Metsäliitto and Vapo.