Kaidi’s biodiesel plant brings several direct and indirect benefits to Finland and its economy
The planned biofuel refinery will create a significant boost to the Finnish economy. The total investment for the plant is estimated to be up to EUR 1 billion. It is estimated that the plant will bring over EUR 200 million of annual tax revenues from corporate taxes, fuel taxes and personal income taxes.
The investment will also provide a huge boost to local employment:: over 150 permanent positions will be created once the plant is operational, equating to 4,000 man-years of work for the overall construction and operation of the facility in addition to mill personnel, the plant will create several hundred jobs for related occupations such as harvesting entrepreneurs, transportation service providers and machine manufacturers. The total Finnish involvement in the project is aimed to reach over 50%. This will generate new IPR and knowledge for Finnish companies.
Availability of wood
Kaidi’s annual need for wood will be approximately 2 million cubic meters. According to the National Forest Inventories (NFI) conducted by the Natural Resources Institute (LUKE) this amount can be sustainably procured from withina 200 kilometer radius of Kemi.
In addition to local wood Kaidi’s plant can utilize sawmill by-products and even leftover bark from the chemical forest industry.
With full knowledge of the plant’s requirements, Kemi was identified as the ideal location for a plant of this nature, due to the existing infrastructure, abundant feedstock and favourable site conditions.
Thanks to its abundance of renewable natural resources, high level of expertise, and industrial strengths, Finland is excellently placed to become a pioneer of the bioeconomy in the world. Finland’s progressive and ambitious biofuels policy, together with its vast biomass resources and close proximity to the world’s largest biofuel markets in Europe, make it the most attractive country to invest in for biofuel production.