2020
DOI: 10.1016/j.enpol.2020.111763
|View full text |Cite
|
Sign up to set email alerts
|

A new dawn for (oil) incumbents within the bioeconomy? Trade-offs and lessons for policy

Abstract: Research highlights:  Low motivation of forest industry has stalled a transition to a bioeconomy  Public funding of forest biorefineries only payed-off when oil industry entered  Distributed biorefining enables the use of the oil refinery infrastructure  Motivation of forest industry has increased with the entry of the oil industry  Revenues from the bioeconomy can be used to revitalize the fossil economy

Help me understand this report

Search citation statements

Order By: Relevance

Paper Sections

Select...
1
1
1
1

Citation Types

0
10
0

Year Published

2021
2021
2023
2023

Publication Types

Select...
5
1

Relationship

0
6

Authors

Journals

citations
Cited by 21 publications
(10 citation statements)
references
References 42 publications
0
10
0
Order By: Relevance
“…For instance, the Swedish carbon dioxide tax policy (with exemptions for biofuels) lacked stability and credibility before the advent of the reduction quota in 2018 as frequent exemptions from the EU were needed, were only granted for short periods, and then had to be renewed. The Sunpine investment was one of the few investments taking place despite this uncertain policy environment 10 . Venture capitalists will typically not fill such funding voids in the early stages of technological development, not least in knowledge‐based sectors in which the capital intensity and technological complexity are high.…”
Section: Methodsmentioning
confidence: 99%
See 1 more Smart Citation
“…For instance, the Swedish carbon dioxide tax policy (with exemptions for biofuels) lacked stability and credibility before the advent of the reduction quota in 2018 as frequent exemptions from the EU were needed, were only granted for short periods, and then had to be renewed. The Sunpine investment was one of the few investments taking place despite this uncertain policy environment 10 . Venture capitalists will typically not fill such funding voids in the early stages of technological development, not least in knowledge‐based sectors in which the capital intensity and technological complexity are high.…”
Section: Methodsmentioning
confidence: 99%
“…In fact, several value chains tend to develop in parallel, not only in Sweden but also in other countries 8 . Moreover, the actors involved in the formation and development of this emerging industry are heterogeneous, and they come from a broad span of incumbent industries and sectors where the value chains have historically not been intertwined 2,9,10 …”
Section: Introductionmentioning
confidence: 99%
“…HVO can readily be utilized in mixtures of fossil diesel of up to 70–100% and in conventional diesel motors. With the EU restrictions on palm oil and food‐based feedstock, forest industries see a market opportunity in advanced HVO biodiesel, which allows for high blending levels and under EU state aid rules benefits from reduced motor fuel taxation 25 …”
Section: The Brown Value Chain: Lignocellulosic Biomass From Forestry...mentioning
confidence: 99%
“…With the EU restrictions on palm oil and food-based feedstock, forest industries see a market opportunity in advanced HVO biodiesel, which allows for high blending levels and under EU state aid rules benefits from reduced motor fuel taxation. 25 The key entrepreneurs have been large companies such as Neste, St1 and UPM with some production infrastructure in several Nordic regions. While UPM has established a dedicated HVO plant at their facilities in Lappeenranta in rural Finland, SunPine has opened an HVO plant in northern and rural Piteå in Sweden.…”
mentioning
confidence: 99%
“…It is therefore important to concentrate on high-quality products on the one hand and to increase the spectrum of products for the solid and liquid fractions obtained on the other [9]. It has been widely discussed in the literature that a diversification strategy and the extraction of a range of products with maximum total value from biomass, combined with a good business model, significantly improves the feasibility of biorefineries in economic terms [20,34,35]. Although research on biomass torrefaction is increasing recently, there is a lack of information on the integration of the technology within an overall biorefinery concept for specific applications [15].…”
Section: Industrial Symbiosis Aspectsmentioning
confidence: 99%