In Finland, Fintoil is launching its next phase of growth, with the ambition to develop into a leading European biorefinery company. To support the strategy implementation, Norwegian energy-focused private equity investor HitecVision and current major shareholder Taaleri are investing EUR 105 million into the Fintoil Group structure. Fintoil’s competitiveness is underpinned by the modern Hamina […]
In Finland, Kyrö Distillery has chosen circular, biobased foam packaging for an upcoming whisky-tasting set inspired by the hit HBO series Game of Thrones. Founded in 2022, Woamy is an Aalto University spin-out and operates a production line in Espoo. The foam is made from cellulose, wood waste, and agricultural waste. “Woamy was chosen because of […]
In Finland, protein-from-air innovator Solar Foods has been granted €77.8 million (US$89.2 million) from Business Finland and EU clean transition instruments to build its Factory 02 project at Selkäharju, Lappeenranta. Dubbed Solein, the company’s protein is made by a specific microbe, which undergoes fermentation with air and electricity. The nutritionally rich ingredient can replace protein […]
In Finland, specialty chemical companies Kemira and IFF have changed the location of their previously announced Alpha Bio biobased chemicals manufacturing joint venture from IFF’s Kotka site to IFF’s Hanko complex. The joint venture, originally announced in 2025, represents an estimated total investment of approximately €130 million (USD$148.5 million). Both companies will continue to hold […]
In Finland, VTT Technical Research Centre of Finland and LUT University have advanced fully cellulose-based film and coating materials through the F3 – Films for Future bio-based materials project, enabling the packaging industry to reduce and replace plastic while meeting performance and processing requirements. The materials combine plastic-like functionality with designed end-of-life performance: films are […]
In Finland, Goldwin Inc., Neste, Idemitsu Kosan Co., Ltd., and Toray Industries, Inc. have established a supply chain for nylon fiber made from renewable raw materials. Neste supplies Neste RE™, a renewable raw material that enables the production of high-performance renewable nylon fiber and reduces the reliance on fossil feedstocks. The nylon fiber produced through […]
In Finland, Goldwin Inc., Neste, Idemitsu Kosan Co., Ltd., and Toray Industries, Inc. have established a supply chain for nylon fiber made from renewable raw materials. Neste supplies Neste RE™, a renewable raw material that enables the production of high-performance renewable nylon fiber and reduces the reliance on fossil feedstocks. The nylon fiber produced through […]
In Finland, grain-based food producer Raisio has been awarded €1.8 million (US$1.16 million) in funding from Business Finland for a four-year research project focused on developing functional fiber ingredients from grain processing side streams. Raisio will invest an additional €2.7 million in the project, bringing the total value of the company’s project to €4.5 million. […]
In Finland, Reduciner, a deep tech startup originating from VTT, is commercializing a novel high-temperature technology that enables industrial companies to turn captured carbon dioxide (CO2) into usable fuel and valuable industrial raw materials. The company raised EUR 3.6 million in its first funding round, consisting of equity funding from Voima Ventures, Lifeline Ventures, and […]
In Finland, a consortium led by the University of Vaasa, Finland, has been awarded significant Horizon Europe funding for a major research and innovation project that moves long‑distance shipping closer to a zero‑carbon future. The H4PERION – Hydrogen FOR Performance Enhancement and Reliable Ice OperatioN – project will, for the first time, demonstrate in practice […]
