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Transaction
Metsä Fibre Oy - Finnish biogenic CO2 capture aid (Rauma pulp mill recovery boiler)
Terms
- Not ranked
- Adjacent, no carbon-credit nexus
- Announced
- 9 Sept 2026
- Instrument
- Grants
- Amount
- EUR 21,000,000Not yet in US$: no exchange rate on file
- Source
- valtioneuvosto.fi
Parties
- Project developer
- Metsä Fibre Oy
- Recipient type
- Grant recipient
- Country
- Finland
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Ministry of Economic Affairs and Employment (Finland) Grantor Not credited Not ranked
Carbon
- Pathway
- Industrial CCS / CCUS
- Project type as recorded
- Biogenic CO2 capture at Rauma pulp mill recovery boiler, 100,000 tCO2/yr, CO2 routed to e-fuel production
What happened
- Finnish state aid of EUR 21,000,000 to Metsä Fibre Oy for biogenic CO2 capture at the Rauma pulp mill recovery boiler, 100,000 tCO2/yr, awarded under a competitive reverse auction. The captured CO2 is used in e-fuel production.
Kumo note
- Reported across the trade press as BECCS. It is not. The awarding ministry states that in all three projects the captured CO2 is used in e-fuel production, so there is no geological storage, no permanence and no removal, and neither the ministry nor the recipients mention a carbon credit or a removal unit anywhere. Capture for utilisation, which is BECCU.
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