Borregaard has received a commitment of a NOK 6 million ($714,285) grant from Innovation Norway's Bioeconomy Scheme. The grant will fund further development of the biorefinery concept in Sarpsborg, Norway, as the company says in the press release received by Lesprom Network.
The project receiving the grant aims to develop high-value cellulose products. The project may result in increased added value and new industrial opportunities for Borregaard in Sarpsborg. By way of chemical and physical modifications, opportunities are being explored to manufacture cellulose products for various industrial applications, including in animal feed and the construction industry.
“This grant allows us to move from the idea phase to a project with dedicated resources and partners. Research and development are the key to restructuring and increased competitive ability in the industry. Larger businesses are well-positioned to succeed, but support for innovation work mitigates risk and often triggers investments for companies such as Borregaard,” says director of Borregaard's Speciality Cellulose activities, Tom Erik Foss-Jacobsen.
Part of the project will be carried out in partnership with the Norwegian University of Life Sciences (NMBU). The NOK 6 million ($714,285) grant comprises 22% of the project's overall costs, and will be spread across three years starting in August 2017.
Borregaard owns one of the world’s most advanced and sustainable biorefineries. By using natural, sustainable raw materials, Borregaard produces advanced and eco-friendly biochemicals that can replace oil-based products.
