Fortum and Metsä Group to launch a joint EUR 50 million R&D programme in circular bioeconomy
Fortum and Metsä Group join forces with Business Finland to create a world-class R&D programme with pulp fibre from renewable and sustainable sources as its node. The 4-year joint R&D programme, called ExpandFibre, aims to develop ground-breaking technologies and smart business concepts that are required to convert straw and wood pulp fibre into novel bioproducts, such as textile fibres. The R&D programme has been granted EUR 20 million from Business Finland. ExpandFibre will be part of a global innovation ecosystem. The ExpandFibre partners Fortum and Metsä Group want to encourage members of the ecosystem to significantly accelerate their efforts within the circular bioeconomy. Members of the ecosystem can apply for financing from Business Finland or from the EU.