Bioeconomy
sub-sectors

Finland is currently the epicenter of the global growth for bioeconomy. The renewing industry cluster offers huge growth potential with projects worth close to two billion Euros. Recent major investments – both domestic and international – have paved the way for the growth of the industry.

The recent major investments made by leading domestic companies have paved the way for the targeted growth. Still additional competence and resources are needed especially in the further refinement, product formulation and production of high value added products, such as biochemicals and advanced biomaterials. Flexible screens, sound systems, car parts, biodegradable packaging materials, adhesives, paints, cosmetics, medicines, textiles – wood can serve many new markets in the future!
 
Japanese company Itochu has invested in the unique opportunities by establishing a joint venture with Metsä Group. In early 2016, Austrian company Binderholtz decided to invest in the wood processing business in Finland. In February 2016, Chinese company Sunshine Kaidi announced its intention to invest EUR 1 billion in a second generation biofuels refinery in Finland.
 
Finland is Europe’s most heavily forested country with 86% of its land area covered by forest of which 90% is PEFC-certified. Finland’s forests grow by 100 million cubic metres annually and the growth potential for sustainable harvesting is currently 60%.
 
The Finnish government is committed to almost doubling the current EUR 60 billion turnover of the bioeconomy sector by 2025. The government has earmarked funding for bioindustry development, including research, pilot projects and investment support.
 

Over two billion euros worth of potential projects


Japanese Itochu has invested in Finland by establishing a joint-venture with Metsä Group. Early in 2016 Austrian Binderholtz decided to invest in the Finnish wood processing business. Chinese Sunshine Kaidi has announced its intention to invest in a 2nd generation biofuels refinery in Finland.

 

 


Yet, additional competence and resources are needed, particularly in further refinement, product formulation and production of high value added products, such as bio-chemicals and advanced biomaterials. Flexible screens, sound systems, car parts, biodegradable packaging materials, adhesives, paints, cosmetics, medicines, textiles – wood may serve many new markets in the future.

Innovate with the Giants


For centuries, Finland has lived off its forests and this has created a strong competence base – the entire bio-economy value chain is already in place in Finland.

 


Globally operating forest industry companies, such as UPM, StoraEnso, Metsä Group, SCA and Sappi have major production facilities in Finland. Today, there are 50 pulp and paper mills and over 240 wood product production sites in Finland. Several forerunner technology companies, such as Andritz, AMEC Foster Wheeler, Outotec and Valmet are based in Finland. At the same time Finland is home to world leading forest machinery providers, such as John Deere, Ponsse and Timberjack.


The major chemical producers operating in Finland, such as Arizona Chemicals, CP Kelco, Forchem, Neste Oil, Kemira and ST1, focus strongly on bio-based raw materials and processes. New start-ups, such as Metgen, Paptic and Spinnova, develop and commercialize technologies based on novel Finnish innovations.

 

 

 

 

See examples of bioeconomy opportunities

Vesa Koivisto

Head of Industry, Cleantech & Bioeconomy

Expertise:

Cleantech & Bioeconomy

Email:

vesa.koivisto[at]finpro.fi

Phone:

+358 50 453 6322

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