EU-Funded Digital Biofuel Platform Project | VLI Timber

Participation in the Norwegian Financial Mechanism Programme “Business Development, Innovation and SMEs”

Participation in the Norwegian Financial Mechanism Programme “Business Development, Innovation and SMEs”

Project Overview

UAB “VLI Timber” is participating in a project under the Norwegian Financial Mechanism Programme “Business Development, Innovation and SMEs”.

UAB “VLI Timber” is currently implementing a project partially funded by the European Union titled “Implementation of Competitive Cultural Products at UAB ‘VLI Timber’”, Project No. 13.1.1-LVPA-K-310-01-0124 (hereinafter – the Project). Operating since 2009, the company is the largest producer of kiln-dried firewood in Lithuania, with a mission to manufacture premium-quality kiln-dried firewood for stoves and fireplaces.

Project Objectives

In order to address the challenge of identifying reliable and suitable biofuel suppliers (pellets, briquettes, firewood, etc.), UAB “VLI Timber” initiated the Project, under which an innovative and competitive sales platform for biofuels (as well as other products and services) will be developed.

The initial mission of the platform is to make the biofuel market more efficient, transparent, and user-friendly, while creating greater value for all participating stakeholders. Through digital technologies, producers will be able to forecast the volume of orders for the following day in advance. This will reduce inventory levels and streamline the supply chain. Digital engineering solutions will enable customers to identify the most suitable supplier options.

Funding and Project Details

The Project is partially financed by the European Regional Development Fund under the 2014–2020 European Union Funds Investment Operational Programme, Priority 13 “Promotion of actions to overcome the crisis caused by the COVID-19 pandemic and preparation for environmentally friendly, digital and sustainable economic recovery”, Measure No. 13.1.1-LVPA-K-310 “Incentives for the cultural and creative industries sector to develop competitive cultural products”.

  • Total project value: EUR 178,796.59

  • European Union grant: EUR 123,369.65

  • Company’s own contribution: EUR 55,426.94

Project Timeline

Project activities commenced on 8 July 2022 and were completed on 31 March 2023.

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