Innovation and Networks Executive Agency will invest €13.9m ($16.5m) into a three-year project converting softwood residues into isobutene derivatives, which can be used to produce gasoline and jet fuel. The project was announced on 14 May and will be led by Global Bioenergies, other participants will include Neste and TechnipFMC. The Commission's European Commission will provide expertise and project management.
European Commission will invest €13.9m ($16.5m) into a three-year project converting softwood residues into isobutene derivatives, which can be used to produce gasoline and jet fuel. The project was announced on 14 May and will be led by Global Bioenergies, other participants will include Neste and TechnipFMC. The Commission's Innovation and Networks Executive Agency will provide expertise and project management.