Stora Enso and Neste Oil had applied for funding under the EU’s NER 300 program. The European Commission recently published a review on its web site of projects that have applied for NER funding, and Neste Oil’s and Stora Enso’s project is not among those listed as scheduled to receive funding.”We have calculated the cost of the project very carefully and realistically. It would have represented a very significant investment, and we concluded that we would not have gone ahead in any case, even if we had won public funding,” Stora Enso’s CEO, Jouko Karvinen, said.The trials carried out by Neste Oil and Stora Enso at their pilot plant in Varkaus, central Finland, between 2009 and 2011 on the entire chain needed for the planned plant – fromwood biomass to biowax suitable for use as a raw material for producing renewable diesel – proved successful.”Technically speaking, our work was a great success and we are very satisfied with what we achieved,” Karvinen said.