Vertoro receives subsidy from the European recovery fund REACT-EU!

IDEALFUEL partner Vertoro is one of the six circular projects in Rotterdam that are eligible for a subsidy from the European recovery fund REACT-EU. All projects contribute to a low-carbon and resource-neutral industry. A total funding of €7 million is involved.

The 6 winning flagship projects have all been supervised by the Industry Transformers Platform, a collaboration between the Port of Rotterdam Authority, InnovationQuarter, Province of South-Holland, Municipality of Rotterdam, Circular Biobased Delta Foundation and CleanTech Delta.

Agro & Chemistry describes the contribution from Vertoro as: “Vertoro has developed a breakthrough technology to convert lignin-containing biomass from sawdust and residual flows from agriculture and forestry into cellulose, sugars and a crude lignin oil. This oil, called Goldilocks, is a sustainable alternative to petroleum. A first market application is to replace the very polluting fossil shipping fuel with biofuel. Goldilocks can also serve as a biofuel for the chemical and materials sectors. Vertoro is going to build a 10 kiloton demo plant in the port of Rotterdam, as a run-up to a commercial plant of 250 kiloton.”

You can read the full article here.

More information can also be found on the Innovation Quarter website.