SCA and St1 enter joint venture to produce and sell forest residue based biofuels in new biorefinery
Sweden-based SCA and Nordic-based St1 have entered a joint venture to produce and sell liquid biofuels. SCA will supply tall oil to the joint venture and will invest approximately SEK 0.6 billion [approx. 60 million EUR; PDB] in the company. SCA and St1 will be equal shareholders of the joint venture, which will itself have …