Bioadvance has built one of the largest European advanced biofuel units in Figueira da Foz, Portugal. The plant will start by producing 20.000 tonnes/year, to reach 200.000 tonnes/year within 2-3 years.
An industrial investment of 22 million euros from BioAdvance will increase its capacity to 200 thousand tons per year, projecting the Portuguese manufacturer as one of the largest in Europe in the production of advanced biofuels.
The company co-founded and led by Paulo Gaspar initially planned an investment of 11 million euros, which received community support worth 3.5 million. However, the amount ended up doubling “with the progress of the works and the rearrangement [of the project] for the future increase in production”, explains the 46-year-old businessman to ECO.
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