Evaluation of socio-economic effects of a biorefinery

A group of Estonian investors with long-term experience in forest and timber industry is considering the construction of a modern biorefinery in Estonia. The cost of the refinery is projected to be EUR 830 million to 1 billion depending on the chosen capacity, which would make it the largest private capital investment of all time in Estonian manufacturing. In this study, we estimated the socio-economic impacts of the biorefinery on GDP, employment, tax revenue, transport and renewable energy.

Client:

Est-For Invest

Implementation period:

2016-2017