Stora Enso stop betting on biodiesel

Stora Enso and Neste Oil will not build a planned biodiesel plant. There will be no EU funding for the project, and there will not be any biodiesel production, according to a newsletter from The Paper Province.

The companies had applied for EU funding for the project. However, it was not on the list of projects receiving EU funding. But according to Stora Enso, the project would hardly have been carried out even if they received EU funding - costs had become too high.