The document discusses developments in bio-refineries and their impact on the pulp and paper industry. It outlines how environmental and energy security concerns are driving the use of renewable resources for fuel production. Technological advances now allow biomass to be converted into biofuels, power, and chemicals through integrated biorefining processes. Global biofuel production is over 100 billion liters annually, with various feedstocks and conversion technologies used. Commercial biorefineries have been established in many countries. This impacts pulp and paper industries that also use some biomass feedstocks.