Feb 25 2014

Ajos BTL project ‘frozen’

Vapo, the company behind the ‘Ajos BTL’ first Round NER300 project (Award: 88 M EUR, subcategory BIOe) took the decision on 21 February to ‘freeze’ work on its NER300 project. Its press release is available here. The company’s press describes the failure of the EC’s proposal for a Framework for Climate and Energy 2020-2030, released on 22 January, to include any specific measures to ensure a binding share of renewable energy transport as the “decisive blow” to its project. Its Managing Director comments, “In this situation it is not possible to conclude long-term commitments, which would have created the financial preconditions for Vapo’s biodiesel project.”