Press Release: State aid: Commission approves €39.8 million in aid for the Genesys research programme for the development of third-generation biorefineries

The European Commission has decided that the aid granted by France to the P.I.V.E.R.T. Institut d’Excellence en Énergies Décarbonées (IEED, institute of excellence in the field of low-carbon energy) to conduct the Genesys research and development programme complies with the EU rules on state aid. The aim of the project is to develop a new generation of biorefineries using biomass to produce, among other things, clean energy. The aid addresses a genuine market failure without giving rise to an undue distortion of competition.