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Bio Green Woods (BGW) new industrial unit started its activity last May. The platform with approximately 29.000m2 has a unique automated and technologically advanced production process which is an integral part of the overall project to build the first state-of-the-art Biorefinery in Portugal.
Designed to contribute to environmental sustainability, BGW was awarded an FSC certification (number 177937), the promotor assumes the commitment of using, in its layout and production process, wood from replanted forests, with FSC certification.
BGW's process was designed according to the principles of circularity, to obtain diversified products with high added value, suitable for different uses and purposes.
In this industrial unit, BGW has started producing:
Very soon, BGW will start producing:
The commercial work carried out by BGW led to the sale of all production, contracted with external clients in Germany, England, and Spain. Countries to which it is already exporting.
The project has an investment of over 16M€. It is being financed by equity, debt emission, public subsidies, and crowdlending campaigns up to 1 million euros.
This is the seventh campaign of a total financing goal of 1M€ that the project promoter intends to raise with GoParity’s community. The funds raised will be used to secure the construction and acquisition of the bio-refinery equipment. A total of 500.000€ has already been raised among GoParity's investors in Bio Green Woods, II, III, IV, V and VI. The present campaign aims to raise an additional 75.000€.
Circularity, sustainability, and added value stand out as differentiating elements of this project, supported by an innovative production process, and R&D that led to the construction of the industrial unit. The production has been tested in pre-industrial prototypes in order to validate the production ratios and the business model.
BGW's process guarantees quality products, produced efficiently and without greenhouse gas emissions, which translates into gains for final clients, the environment, and investors.
This project follows European industry decarbonization trends, focusing its production on green processes and with zero gas emissions. BGW's process, where "nothing is lost and everything is transformed", is focused on criteria of total utilization of resources, reducing or eliminating waste from production processes. BGW presents itself as a solution for accelerating energy transition and as an alternative to traditional energies.
This step toward the construction of the state-of-the-art Biorefinery in Europe will provide Portugal with the ability to export various end products or replace imports. The promotor hopes to contribute to an improvement in the country's trade balance.
BGW - A project that creates 100% sustainable added value and contributes to ensuring carbon neutrality, circularity, and energy resilience.
Bio Green Woods is a pioneering company in Europe in what regards the complete use of materials and energy. Based in Alvaiázere, district of Leiria, where they launched, in May, the first European industrial wood bio-refining state-of-the-art plant. The company entered in business in 2005, at the time under the name of Mercancia, mainly focusing on the trading of goods such as hygiene products, charcoal, etc. Since February 2014, the company has bet on R&D, looking to develop a reactor for the production of Vegetable charcoal which would be more technologically advanced than the existing offering in the market. Over the years the team has grown to meet the needs of its research activity, both in the chemical and engineering areas. The company’s R&D activity was carried out through partnerships with renowned European institutes such as VTT (Finland), TNO (Holland) and INCAR (Spain). In 2019, with the transition to a form of publicly traded entity (S.A), and subsequent injections of capital and new partners joining, the name of the company changed to BGW, SA, adjusting to the new business concept that was intended to be implemented.
Currently the company has 25 employees and 17 on-the-job trainees.
BGW has developed a charcoal production unit, through wood distillation, a unique and innovative method in Europe. This is an exclusive and unprecedented technique that ensures more homogeneous and higher-quality products, through an environmentally clean process. The company also fully captures and transforms all gases resulting from the pyrolysis process, including condensable gases for the production of by-products (vegetable tar and pyroligneous acid), and non-condensable gases such as energy, ensuring zero waste.
The company has as partners:
Promoter website
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7500000
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