Lignin Industries scores $4.4M from EU Innovation Fund

In Sweden, Lignin Industries converts lignin so it can be blended with virgin and recycled thermoplastics to create new types of bioplastics. Lignin Industries recently secured EUR4.4 million funding from the EU Innovation Fund to help them financing the expansion of the first-of-its-kind large-scale production site located in Sweden. Lignin Industries secured their success in the highly competitive application process with support from Spinverse funding experts.

Lignin Industries will use the funding to build a first-of-a-kind large-scale production site in Sweden. The facility will produce RENOL®, a patented, renewable, and highly functional bio-based material from lignin, which is a by-product of the kraft pulping industry. The new production facility will initially be able to produce 10,000 metric tons per year with a potential increase to up to 50,000 tons.