Bioeconomy is economic growth and new green jobs. A new evidence comes from Finland. The Research Institute of the Finnish Economy (ETLA) studied the impact of Metsä Group’s bioproduct mill being constructed in Äänekoski in terms of revenue, value added and employment. The impact of the largest investment to date in the history of Finnish forest industry has significant repercussions in the economy during both the construction and the operation of the mill.
According to ETLA’s calculations, the 1.2 billion euro investment in the bioproduct mill will increase the revenue of companies operating in Finland by around 2.4 billion euro at the construction stage, and it will generate value added that will be directly reflected in economic growth in the amount of nearly 1 billion euro during 2015–2018. The annual employment effects arising from construction during 2016 and 2017 total nearly 4,000 person-years when the effects on the value chain and consumption are included in the calculation. This equals 0.16 per cent of the total employed workforce in Finland.
Solegear Bioplastic Technologies, a global-leading bioplastic technology company headquartered in Vancouver, Canada, announced yesterday that it has formally closed the previously announced strategic acquisition of the bioplastics division of Ex-Tech Plastics for consideration of $1.33 million in common shares of the Company at a deemed price of $0.20 per share. Ex-Tech, based in the Chicago, Illinois, area has been a leading manufacturer of extruded plastic sheets for over thirty years.
IL BIOECONOMISTA 