UPM has invested EUR 175 million in the world’s first biorefinery producing wood-based renewable diesel, UPM BioVerno. The UPM Lappeenranta Biorefinery produces UPM BioVerno diesel from crude tall oil, a residue of UPM’s own pulp production. The commercial production of UPM BioVerno renewable diesel started in January 2015 in Lappeenranta, Finland. The annual capacity is 120 million litres of biofuels. The biorefinery is based on UPM’s own innovations and it employs 50 people directly and 150 people indirectly.