Bio Green Woods III

Bio Green Woods (BGW) aims to build the first state of the art bio-refinery in Portugal, through innovative technology, focused on environmental sustainability and productive processes. In this industrial unit, the company intends to produce:

• High-quality charcoal and biochar, with a high degree of fixed carbon, which is also environmentally friendly.
• Liquid by-products, such as Liquid Smoke, Wood Vinegar, Methyl Acetate and Eucalyptol for the biochemical, food and cosmetics sectors.

The project has an investment of over 26M€. It is being financed by equity, public subsidies and crowdlending campaigns up to € 1million.

This is the third 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 €175 000 has already been raised among Goparity's investors, and this campaign will aim to raise €100 000 more.

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.