Finnish company North European Bio Tech (NEB) has announced plans to build a bioethanol plant in Kajaani, Finland. The plant will use sawdust from local sources as its raw material and will be delivered by St1 Biofuels. The plant is expected to begin production in mid-2016 and will have a capacity of 10 million litres of bioethanol per year. The bioethanol produced will be leased to North European Oil Trade (NEOT), a fuel procurement company. The project is part of Finland's goal to have 20% of the transport sector's energy requirements provided by renewable sources by 2020.