Insights

The LIFE programme dating back to 1992 is the only European Union fund entirely dedicated to environmental and climate objectives. A recent provisional agreement to raise the budget of the programme to more than 5.48 B€ for 2021-2027 offers growth opportunities to basically anyone registered in the EU to apply for LIFE funding: public bodies, companies, and NGOs, including growth companies. The first LIFE call for proposals has just opened and this is the time to act! 

Year 2020 has featured the starting point of a remarkable 10-year European investment into innovative low carbon projects. The European Commission has successfully launched the Innovation Fund, which is expected to provide over 10 B€ of grants between 2020-2030 for upscaling innovative clean technologies. The funding comes from revenues from the auction of emission allowances within the EU’s Emissions Trading System. 

The European Commission has just launched the first call for proposals under the Innovation Fund, with over 1 B€ allocated for clean technology projects. This massive programme is meant for the projects for innovative low-carbon technologies and it is financed by revenues gained from the auction of emission allowances from the EU's Emissions Trading System.

MetGen's CTO, Matti Heikkilä, and Laura Koponen, Managing Director of Spinverse were on Finnish national tv, Huomenta Suomi, discussing the grand vision: wood to replace oil. In practice wood will be used to produced products, which are currently made from oil, starting with packaging materials. Moreover, the SWEETWOODS project, a consortium of nice European companies,  has received 21M€  of EU-funding with the aim of producing wood-based biomaterials for the first time on an industrial scale. These wood-based materials can be used to replace plastic in various everyday applications.

SWEETWOODS is a 43-million-euro joint pilot project that was recently granted 21 million euros in funding under the EU’s Horizon 2020 programme’s Bio-Based Industries financial instrument. Horizon 2020 is the biggest research and innovation programme in the world, supporting the development and introduction of new technologies. SWEETWOODS represented the only flagship project in the bioeconomy sector. The project is implemented through collaborative efforts of nine partner companies.

Kauppalehti - a leading Finnish language commerce-oriented newspaper - had just covered major development of one of the Spinverse's clients - Norsepower Oy Ltd. The company announced its agreement to install a rotor sail solution onboard of a Viking Line’s cruise ferry. This deal heralds the world’s first liquefied natural gas/wind electric propulsion hybrid passenger traffic ship.

Shipping companies are actively looking for solutions to reduce fuel consumption and environmental emissions of vessels, particularly due to the recent fuel price instability as well as the forthcoming environmental regulations. Spinverse customer Norsepower is ready to address this challenge utilising new technology, advanced materials and leading-edge control system.

Talouselämä - a Finnish language weekly financial and business magazine - has just published a multi-page article (in Finnish) covering recent developments on the Kaidi Finland's biorefinery large scale investment project.

The European Commission has decided to grant EUR 88,5 million of NER 300 investment subsidies for the biofuel refinery planned by Kaidi in Ajos, Kemi. NER 300 is one of the world's largest funding programmes for innovative low-carbon energy demonstration projects. The application was prepared by Spinverse.

Finnish politician, former chairman of the Swedish People's Party and the former Minister of Defence of Finland Carl Haglund to accelerate Kaidi Group’s growth in Europe in the rank of Vice President.