Finland has seen extensive investments into biofuel technology and production, which is one of the fastest growing bioenergy segments. Particularly the use of wood-based transport biofuels (bioethanol and biodiesel) has a strong profile in Finland. While the major forest and energy companies are leading the development, medium-sized and startup companies operate as specialists in the biofuel ecosystem.
Advanced liquid biofuels are being produced using different types of waste and residues like food waste, used cooking oil, tall oil from pulp production, etc. Furthermore, bio-oil is already being produced based on pyrolysis, and the further processing of pine oil, created in the pulp production process, into second-generation biodiesel is also in the works.