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Nitrogen+Syngas 400 Mar-Apr 2026

17 March 2026

Tax credit for green methanol project

FINLAND

Tax credit for green methanol project

ETFuels has been awarded €118.6m ($139.8m) in tax credits over 19 years under Business Finland’s Clean Transition program to develop a green hydrogen-based methanol project in Lapland. The credits will go towards the company’s Ranua facility, which is designed to produce 110,000 t/a of green methanol. According to ETFuels, the project, which is currently in early engineering stages, will use 300MW of renewable wind energy alongside battery storage facilities. The Ranua project is being developed in collaboration with Finnish energy firm Neova.

Latest in Europe

Completion of refinery upgrade

Maire Group subsidiary KTKinetics Technology says that it has completed work on the Rijeka Refinery Upgrade Project in Croatia, having completed the engineering, procurement and construction activities. The scope of work included a new delayed coking unit to process heavy residue and eliminate the production of fuel oil while increasing refinery efficiency capacity, the revamping of the process units and the utility network and the implementation of the latest solutions for coke handling and storage and sea jetty construction and shipping loading facilities.