Green Fuel Nordic is a Finnish biorefinery company established in 2011 that aims to provide a local alternative to fossil fuels by refining second-generation liquid biofuels using proven technology. The company's mission is to offer a lucrative local alternative to fossil fuels by being a frontrunner in refining biofuels from sustainable forest biomass. Its vision is to be the most successful refiner of local liquid biofuels in its market areas. The company's biofuel production would help Finland meet its renewable energy targets and increase energy independence while reducing emissions.

1. Case Green Fuel Nordic
Timo Saarelainen, CEO

2. 2
Business environment for bio-oil business
Challenges Europe
• Climate change • Political and economical climate
• Dependence on fossil fuels • EU 20-20-20 target
• Growing population
• Increasing energy consumption, oil
price and food price
Opportunities
• Innovative technologies > bio-
based solutions > bio-economy
Finland Eastern Finland
• Ambitious targets for renewable • Availability of competent people
energy; RES 38% • Technology partners
• Structural change of the traditional • Availability and sufficiency of
forest industry sustainable forest-based biomass
• Reduced industrial use of wood • Logistical benefits
• Need to become more self-
sufficient in energy
• Growing forests

3. 3
Green Fuel Nordic
A Finnish biorefinery company established in 2011
Headquarters in Kuopio, in Eastern Finland
Our mission
We offer a lucrative and local alternative to fossil fuels. We
are a frontrunner in the refining of second-generation liquid
biofuels.
Our vision
We are the most successful refiner of local liquid biofuels in
our market areas.

4. 4
Green Fuel Nordic - The Smart Way
The Smart Way Benefits for Finland
• Commercial and proven • Helps to reach RES 38% target
technology; RTPTM • Self-sufficiency in energy increases
• 2nd generation liquid biofuel • New industrial use for growing
• Feedstock from the Finnish forests forests
• Distributed energy production • New work opportunities
• CO2 and sulfur emissions down
Investment Applications for RTP Green Fuel
One biorefinery: • Step 1: Renewable power and heat
• capex investment about 50 MEUR in industry and municipalities
• uses about 350 000 solid m3 • Step 2: Marine applications
feedstock per year • Step 3: Green, 2nd generation
• produces about 90 000 tons of bio- transportation fuels
oil per year • Not to exclude other high-value
• creates 100 new work applications
opportunities (300 during the project
phase)

5. 5
Future outlook
• Up to 20 Green Fuel Nordic biorefineries in
Finland
– Availability of feedstock
– New applications for bio-oil
• Opportunities outside Finland
– Russia
– Other Nordic countries

6. Thank you!
www.greenfuelnordic.fi