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Technische Universität Darmstadt.

The ValChemproject taps into

a vast body of expertise covering

the forest industry, chemistry and

biotechnology. It aims to produce

wood-based chemicals that rival

oil-basedmaterials in terms of quality

and production costs.

“The project is a good example of

how EU funding supports bioeconomy

projects and distributes the risks

associated with funding. As we

are focusing on a specific product

segment, our customers are also

involved in the development work

from an early stage,” Ovaska says.

“Naturally, we cannot rely on

public funding, but it does contribute

to accelerating our product

development and decreasing risks.”

Open doors to partners

Ovaska praises the solid results that

have been achieved through public

funding and research collaboration

with the Finnish Funding Agency for

Innovation (Tekes) and the Technical

Research Centre of Finland (VTT).

With the help of public funding,

Finland has become part of a close-

knit international community in the

business and research world.

“We boast a wealth of expertise in

different areas, but we have been fairly

ineffective at translating innovations

into commercial products and

achieving large-scale production. The

same applies to the EU as a whole”

Ovaska says.

“We would like to see the Finnish

funding model become more

international. We would also gladly

open the door to foreign operators,

as the largest markets are ultimately

abroad. International collaboration

would benefit both large and small

companies alike."

Thanks to its ground-breaking innovations

and pioneering R&D, UPM stands at

the forefront of the bioeconomy breakthrough.

Heikki Ilvespää

, Vice President of Research &Development

at UPM confirms that a breakthrough in second-generation

biochemicals is the next major target on UPM’s R&D list.

“We have made systematic progress in this sector, and we

have already launched our first biochemical products such as

GrowDex and BioPiva on the market.”

One potential application for biochemicals is

manufacturing plastics from renewable rawmaterials. The

pulp derived fromwood can be broken down into sugars,

which can be processed further into chemical building blocks.

In the future, materials produced in this way could be

used to manufacture virtually any product that is currently

made out of plastic, such as beverage bottles for the soft drink

industry.

UPM is also doing research on biofibrils and lignin. The

GrowDex cell culture medium, for example, which is based on

biofibrils, is an intriguing new area of research. It’s a product

meant for biomedical research that can be used to grow

different kinds of human cells.

Innovating

a sustainable

future