012 EARTO Innovation Prize

    Prize: Honorary award

    Description

    The first award for the 2012 EARTO Innovation Prize went this year to VTT Technical Research Centre of Finland, which has made a breakthrough in biomass-based bio-oil production with an innovative, intelligent process that marks the beginning of a new era in the energy sector. VTT’s totally new technology makes the commercial production of bio-oil financially viable for the first time. About to be implemented on an industrial scale, the process will enable significant bio-oil production capacity by 2020 - the year by which Europe must achieve 20% of its final energy consumption from renewable energy.

    http://www.earto.eu/fileadmin/content/03_Publications/2012CS_VTT.pdf
    Degree of recognitionInternational

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    Innovation
    Biomass
    Energy utilization
    Oils