October 7, 2020

DAILY BRIEF: Sustainable fashion, jet fuel and factories, yellow yeti, top audio, and Japan entry

Clothes on a rack.
Infinited Fiber showcases a sustainable future in textile at the Paris Fashion Week.
Infinited Fiber Company

All the daily Finnish business news that works: Genelec, Neste, Gigglebug Entertainment, YLE, Ductor, and Metsä Pavilion make headlines.

Genelec wins top audio deals, Neste and Shell team up on renewable jet fuel, Infinited Fiber is showcased during Paris Fashion Week, Ductor raises substantial coin, Gigglebug’s new kids series is commissioned by Disney, and Metsä Pavilion opens in Tokyo to give Finnish firms a boost.

Genelec speakers installed in new state-of-the art studios

Recording studio with mixing table and speakers.

Finnish audio company Genelec’s smart active monitors have been installed at the Tokyo College of Music’s (TCM) new campus in Daikanyama and Nakameguro, Tokyo. The campus delivers higher-quality recording facilities to composition students at the college, with Genelec providing stereo and immersive monitoring solutions to a variety of spaces, including the new flagship studio. Genelec’s speakers have also been chosen for American producer and musician Mike Elizondo’s new state-of-the-art recording studio in Nashville, the US. Elizondo’s music credits include stars such as 50 Cent, Eminem, Mary J. Blige and Carrie Underwood.

Genelec

Neste and Shell strike renewable jet fuel supply deal

Airplane wing facing the sun.

Finland’s Neste has signed an agreement with Shell to increase the supply and availability of sustainable aviation fuel. The deal brings together Neste’s expertise in renewable jet fuel production and Shell’s global supply network. Neste is currently capable of producing 100 000 tonnes of the fuel in the US and EU, and, with a refinery expansion underway in Singapore, its capacity will exceed one million tonnes by 2022. The fuel can reduce greenhouse gases by up to 80 per cent over its life cycle compared to fossil jet fuel.

Neste

Infinited Fiber lands in Paris with Reuben Selby

Different coloured yarns on a table.

Infinited Fiber Company was featured as the textile technology of the future in Reuben Selby’s debut collection, showcased in the courtyard of the iconic Paris Ritz hotel on Monday. The Espoo-based biotechnology company has developed a method for creating high-quality bio-based fibres from used textiles that would otherwise be incinerated or pile up on landfills. Reuben Selby’s 14-look collection includes cargo trousers, shorts and a tailored top made from a blend of the fibre and organic cotton. Presented on the catwalk of the Paris Fashion Week, the collection aims to highlight the shifts required to bring the fashion industry to a new era of sustainability.

Infinited Fiber Company

Ductor closes EUR 28 million financing round

Ductor's plant in Mexico

Finnish circular economy company Ductor has closed a 28 million-euro financing round led by BW Group, one of the world’s leading shipping companies. As a result, Ductor plans to develop more than 200 new biogas and organic fertiliser plants across Europe and North America. The company’s technology can be used to build biogas plants that utilise agricultural or fish waste to produce biogas or organic large-scale fertiliser. This significantly reduces greenhouse gas emissions from both energy production and agriculture.

Ductor

Gigglebug, Disney and YLE team on new animated kids’ series

Cartoon characters in snow

Finnish animation studio Gigglebug Entertainment is collaborating with Zodiak Kids on a new kids animated series, The Unstoppable Yellow Yeti. Commissioned by Disney Channel EMEA and Nordic broadcasters YLE, DR, NRK and SVT, the show was originally created by Gigglebug’s Joonas Utti and Anttu Harlin, with Zodiak Kids jumping on board early on. The offbeat comedy series is set in a quirky little town above the Arctic Circle, where it snows all year round and monsters are strictly forbidden. It follows the exploits of three friends: surfer dude Osmo, his no-nonsense cousin Rita and a six-feet tall yellow yeti called Gustav.

Gigglebug Entertainment

Metsä Pavilion ready to support Finnish firms in Tokyo

Wooden construction.

Metsä Pavilion, a building conceptualised by Business Finland and the Embassy of Finland in Tokyo, has opened its doors in the heart of the Japanese capital, providing Finnish companies a unique setting for creating contacts and promoting exports in Japan. Read all about it by clicking the headline.

Business Finland

Good News from Finland is published by Finnfacts, which is part of Business Finland.

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