Finnish bioeconomy takes another step forward

Alexander Stubb, prime minister of Finland

The Finnish Ministry of Employment and the Economy is implementing the Government’s bioeconomy, cleantech, and digitalisation strategy for accelerating new areas for growth. In June 2014 an international competition was launched as part of the bioeconomy strategy to expedite the commercialisation of bioeconomy innovations and the emergence of new biorefineries in Finland.

Spinnova Ltd. has won the international biorefinery competition with its new textile fibre production technology. Two other proposals to receive awards in the competition are Biovakka Suomi’s concept for combining the production of biogas, nutrients, and transport fuel, and a proposal by the  that incorporates novel Finnish technology for the production of new biomaterials and biochemicals.

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