Press Release: Circa Awarded €8.2M Grant by French Government ‘Relance’ Programme
- Tuesday, 01 February 2022
OSLO, NORWAY – 1 February 2022 – Sustainable biochemicals company Circa Group AS has been awarded €8.2 million from the French government for the development of its ReSolute plant in Eastern France as part of the ‘France Relance’ programme.
‘France Relance’ (https://www.gouvernement.fr/les-priorites/france-relance) is a 100 billion euro initiative to relaunch the French economy and help France emerge stronger from the Covid crisis. The programme’s three pillars are ecology, competitiveness and cohesion.
The ReSolute project near Carling in Eastern France is an ideal recipient as it is focussed both on manufacturing biochemicals from sustainable feedstocks as well as repurposing the site of a former coal-fired power plant for new low-carbon technologies.
Tony Duncan, CEO of Circa Group AS, said, “We are continually impressed by France’s commitment to building a more sustainable, more self-sufficient, low-carbon economy. This latest Relance grant is recognition of our progress and vision and provides another layer of support for ReSolute, which Circa has received both directly and indirectly from regional and national organisations, and our community of stakeholders.”
Circa’s ReSolute plant will produce green and sustainable solvents at industrial scale by utilising local forest biomass waste to replace conventional harmful solvents traditionally made from petrochemicals. The plant will be the first of its kind to produce the solvent Cyrene™ at 1,000 tonne commercial scale. It will come online at the end of 2023, creating 40 to 50 new direct jobs.