Bio Green Woods VI

A Bio Green Woods (BGW) is preparing to launch, in Alvaiázere, the operation of its first industrial unit, the product of more than a decade and a half of study, research and investment in a project that will be completed with the construction of the first state-of-the-art Biorefinery in Portugal.

Looking at waste as just the beginning, led BGW's chemical and mechanical engineers from the Research and Development and Innovation departments to develop an exclusive and innovative layout and production process that maximizes biomass, agricultural and domestic waste.

BGW's process was designed according to the principles of circularity, to obtain products with high added value, diversified, and suitable for different uses and purposes.

 In this industrial unit, the company intends to produce: 

• 100% environmentally friendly, high-quality charcoal and biochar with high fixed carbon content;
• liquid by-products, such as Liquid Smoke, Wood Vinegar, Methyl Acetate and Eucalyptol for areas such as biochemistry, food, and cosmetics, among others.

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 sixth 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 450.000€ has already been raised among GoParity's investors in Bio Green Woods, Bio Green Woods II, Bio Green Woods III, Bio Green Woods IV, and Bio Green Woods V. The present campaign aims to raise an additional 100.000€.

This project differentiates itself through the use of forest biomass from invasive species, contributing to balanced forest management, as well as through its commitment to purchasing only certified wood.

BGW developed its innovative production process through several years of R&D investment, culminating with the construction of pre-industrial prototypes with which it was able to perform several tests to validate its production ratios as well as a business model. This process allows for the more efficient production of higher quality products, without the emission of greenhouse gases and healthier products. This results in gains for the final consumer, the environment and the investors.

The project is in line with the European trends in industry decarbonization, focusing its production on green processes, free of greenhouse gas emissions. The project also fulfills the criteria regarding total resource usage, reducing or even eliminating the waste arising from the productive processes. It is also presented as a solution to accelerate the energy transition and as an alternative to oil. BGW strongly endorses innovation and exports its production, creating value for the Portuguese and European economies, while contributing to the development of territories within the country.

This project is the first step towards the construction of the first bio-refinery in Europe, providing Portugal with the ability to export several final products resulting from this investment, or replacing imports, contributing to an improvement in its trade balance. A project that creates 100% sustainable added value and contributes to ensuring carbon neutrality, circularity, and energy resilience.