The Swedish Energy Agency has decided to grant BioShare funding through the national Industriklivet program to carry out a feasibility study. The study will assess the potential to convert an existing combined heat and power (CHP) plant into a biorefinery producing renewable electricity, heat, and bio-based products.
BioShare’s mission is to accelerate the energy transition by developing technologies that transform today’s CHP plants into tomorrow’s biorefineries. With support from Industriklivet, the company now takes an important step forward on this journey.
The feasibility study will analyze the technical, environmental, and economic conditions for such a conversion. Several potential sites in Sweden will be evaluated, with the goal of identifying the most suitable location for a future establishment.
“Being granted Industriklivet funding is an important recognition of our technology and our vision. The study enables us to thoroughly evaluate how CHP plants can be transformed into biorefineries that both strengthen the climate transition and create new value chains in Sweden.” – Christer Gustavsson, CEO
This decision allows BioShare to begin detailed work on the feasibility study, which will form the basis for future decisions on site selection and further project development.
Read more about the project here:
Feasibility Study for Industrial Demonstration of converting an existing boiler into a biorefinery – Bioshare
Facts: Industriklivet
This project is funded through the Industrial Leap, which is part of the EU Recovery and Resilience Facility
(RRF) and Next Generation EU. The Industrial Leap is a government initiative run by the Swedish Energy
Agency.
