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INDUSTRIAL | Basic Materials

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Stage

Grant | Alive

Total Raised

$25.18M

Last Raised

$25.18M | 3 yrs ago

About SWEETWOODS

SWEETWOODS is a joint project which involves producing wood-based biomaterials for the first time on an industrial scale. These materials can be used to replace plastic in various everyday applications.

SWEETWOODS Headquarter Location

Estonia

Latest SWEETWOODS News

”We Produce with Wood What Used to Be Made with Oil” Unique Bioeconomy Project, SWEETWOODS, Raises 21 Million in Funding.

May 14, 2018

Nine European companies have joined forces in the SWEETWOODS flagship project, which involves producing wood-based biomaterials for the first time on an industrial scale. These materials can be used to replace plastic in various everyday applications. The project was recently granted significant funding by the EU. May 11, 2018 12:47 AM Eastern Daylight Time HELSINKI--( BUSINESS WIRE )--SWEETWOODS is a 43-million-euro joint pilot project that was recently granted 21 million euros in funding under the EU’s Horizon 2020 programme’s Bio-Based Industries financial instrument. “Receiving the funding is a major victory for all parties involved in the project. Specialists representing the EU and bioindustries ranked the project as the best of the round of financing, giving the project full marks,” describes Peep Pitk, the R&D Manager of the Estonian Graanul Invest Group. The SWEETWOODS project covers the entire material process. Breaking down the wood into pure sugars and lignin makes it possible to further refine the material into high added value products that can be used to replace oil-based chemicals and plastics. “The project can revolutionise the future of the entire global material economy,” states Spinverse’s Managing Director Laura Koponen, who has been in charge of project preparation. The objective is to implement the technology at a full industrial scale in four years. The project will create new material economy value chains where wood plays a vital role. The biorefinement concept can transform 80 tonnes of hardwood into high added value products like bioplastics, insulation materials, cushions, fuels and sweeteners. “The project allows us to produce with wood what is currently made with oil.” comments MetGen’s Chief Technology Officer Matti Heikkilä. The project is based on collaboration between several companies. The responsible manager is the Estonian Graanul Biotech specialises in wood processing. The Finnish MetGen’s pioneering enzyme technology plays a key role in the efficient extraction of pure biomaterials for further processing. The biomaterial is used, for example, by the German Tecnaro GmbH for biocomposites, Armacell via Ultima Gmbh for elastomeric foams, the French Global Bioenergies for biofuels and the Belgian Recticel N.V. for polyurethane foams. The Finnish Spinverse is orchestrating the project. Contacts

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