NOK 12.4 million in research funds
(15.01.14) Borregaard has received a pledge for a NOK 12.4 million grant from Innovation Norway. The funds will be used over three years in the field of innovation projects based on products from biomass.
"The support is recognition of the research effort Borregaard puts into this, as well as the products’ importance today and in the future. All of the research projects have an environmental and sustainable upside in that the end products are bio-based and in many cases replace petroleum-based alternatives, while at the same time do not compete with food production," says President and CEO Per A. Sørlie of Borregaard.
The funds come from the Government’s package of measures for the forestry industry as well as the biorefinery programme financed by the Ministry of Local Government and Modernisation. The support assumes that Borregaard itself contributes with just less than NOK 50 million spread over three different innovation projects in the fields of lignin, specialty cellulose and sugar respectively. NOK 7.3 million has been granted for the project "High Purity Cellulose," which aims to develop a process to produce specialty cellulose qualities for use in advanced chemicals. NOK 2.7 million has been awarded to the the project "Green Bonds", a joint project between Elkem and Borregaard which aims to develop bio-based binders for carbon products. Innovation Norway and the Technology Strategy Board are working together to support projects between Norway and the United Kingdom, including a joint project between Green Biologics and Lucite where Borregaard has received pledges of NOK 2.4 million in support. Here sugar from Borregaard’s BALI technology will be used for the production of bio-butanol for various chemical applications.
"Through our support we assist businesses in taking greater risks and investing more where the potential for future products and services is great. The ability to innovate and focus on profitable niche products makes Borregaard the world leader within its areas, but this is dependent on continuous commitment on the part of the company," says Toril Mølmen, Director of Innovation Norway in Oslo, Akershus and Østfold.
Borregaard annually spends more than NOK 150 million on research and development and has a dedicated research centre with 80 employees in various chemical disciplines in Sarpsborg. Around 18 per cent of the company’s turnover comes from products launched in the last five years.
Borregaard is one of the world’s most advanced biorefineries. Borregaard uses natural, sustainable raw materials to produce advanced, eco-friendly biochemicals, biomaterials and bioethanol that can replace oil-based products. The company has 1050 employees in plants and sales offices in 16 countries in Europe, Americas, Asia and Africa. Borregaard also holds strong positions within ingredients and fine chemicals.
For more information, contact:
Communication Manager Tone Horvei Bredal, telephone +47 924 67 711