Metsä Group's carbon dioxide capture plant receives EUR 21 million in aid

Metsä Group's planned wood-based carbon dioxide capture plant in Rauma has been awarded EUR 21 million in aid through a reverse auction organized by Finland’s Ministry of Economic Affairs and Employment. The funding supports climate change mitigation efforts and aims to create new business opportunities.

The aid was granted by the Ministry of Economic Affairs and Employment as part of national climate initiatives to promote technologies that reduce greenhouse gas emissions. Metsä Group's project focuses on capturing carbon dioxide from wood-based processes, offering an alternative to traditional fossil fuel reliance.

According to Metsä Group, securing this aid is a key prerequisite for the investment. The company has described the project as building an entirely new industrial value chain in a market that is just beginning to take shape. The positive decision allows for continued planning of the plant.

The facility is intended to capture carbon dioxide generated during processes at facilities like Metsä Board's paper mill. The captured CO2 can then be utilized in applications such as biofuel production or other industrial uses, reducing dependence on fossil resources.